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torin
Apprentice
Joined: 22 Oct 2005
Posts: 19
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 Posted: 09/14/07 - 07:29 Post subject: |
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| I have taken an endowment mortgage. However, I have since switched to another type of payment and have left the endowment. I would like to give it away, as it really does not mean anything now, but I have heard somewhere that it is possible getting good compensation. If anyone could give me any suggestion about that, it would be great. |
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harper
Apprentice
Joined: 25 Dec 2004
Posts: 14
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| Posted: 10/04/07 - 00:10 Post subject: |
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| When you were getting mortgage with endowment, it actually meant you have a life cover of certain amount. However, if you cannot cover your mortgage with it, you can be compelled to surrender it and take whatever money offered, only to get some profit. However, you should not do that, as there are agencies that can manage you getting a compensation that will be much higher that it normally would. I suggest you go to http://www.endowmentpolicyhelp.co.uk/ for more information. You can also visit http://www.ikimos.com/Endowmentcompensation.htm and I am sure you will get the idea that you should not give your endowment away. Best of luck. |
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