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francisca
Apprentice
Joined: 11 Oct 2004
Posts: 6
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 Posted: 10/09/07 - 05:38 Post subject: |
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| I have divorced recently from my husband and we are planning to surrender our endowment policy for lots of reason. After that we are going to split the deal fifty-fifty. I do not want to be miss guided and miss lead. Therefore I would like to know what you would do if you were me. Any suggestions would be appreciated a lot. |
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amby
Apprentice
Joined: 05 Jun 2004
Posts: 8
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| Posted: 11/08/07 - 03:00 Post subject: |
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| I think that the surrendering the endowment policies is not that good idea. Firstly, you will have to pay the commission for such action also if you surrender your endowment too early you could lose more money then if you would wait for its maturity date. Secondly you can retain your policy and wait for a wile though its performing badly now. For these reasons I would suggest that you cash in your endowment instead. You can sell it to the specialist trader which will give you the best offer for it. It may give you more that the life companies that are participating in the market of endowments. What ever you choose to do I wish you all best. |
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