We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
selling endowment policy?
fairycake
Posts: 72 Forumite
This is only a rough idea of things as i have to check out the details on the policy. ok......
we have an endowment which has been running for approx 12 yrs now at £140 pm. So we have paid in approx £20k so far. if we were to surrender the policy either to the ins comp or sell it, what would we get back do you think.
Would we get the money we had paid in. or more or less? this would mean we could pay a chunk off the mortgage and then take out straight life cover and make over payments on the mortgage.
Just a rough guess would be good.
thanks
we have an endowment which has been running for approx 12 yrs now at £140 pm. So we have paid in approx £20k so far. if we were to surrender the policy either to the ins comp or sell it, what would we get back do you think.
Would we get the money we had paid in. or more or less? this would mean we could pay a chunk off the mortgage and then take out straight life cover and make over payments on the mortgage.
Just a rough guess would be good.
thanks
0
Comments
-
fairycake wrote:If we were to surrender the policy either to the ins comp or sell it, what would we get back do you think.
You'll have to ring up the insurance company and ask for the surrender value.It's usually available on the phone. After you've got that, you can see if you can get any quotes from buyers via this site:
https://www.tepexchange.co.ukTrying to keep it simple...
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards