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| T O P I C R E V I E W |
| Trolly-Dolly |
Posted - 22 June 2008 : 15:40:56
I read somewhere that you have to surrender this? What does this mean? We pay a monthly premium which basically covers us if one of us dies, so how does this benefit a creditor? Will they cancel it? How do we protect ourselves?
Ta x |
| 3 L A T E S T R E P L I E S (Newest First) |
| melanie_giles |
Posted - 22 June 2008 : 22:15:24
Yes - they will transfer their interest back to yourselves.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| Trolly-Dolly |
Posted - 22 June 2008 : 20:36:29
Sorry again Melanie, we do just have bog standard life cover, so who would the OR sell this to, us? |
| melanie_giles |
Posted - 22 June 2008 : 16:12:14
Not unless it is linked to an endowment policy. IF you just have straightforward life cover, it is usual for the OR to sell his/her interest in these policies for a nominal sum - usually £50.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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