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
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
Life Assurance
Posted - 22 June 2008 : 15:40:56
