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Brett Said:

can i sell my life assurance policy?

We Answered:

Old know all is correct. There is a market in traditional with profits policies, but not in unit-linked ones.

You can try a number of companies
www.aap.co.uk
www.1stpolicy.co.uk
www.surrendalink.co.uk

Or, there is now a platform:

www.tepexchange.com

That accesses a number of the companies and will find you the best price for your policy.

Beverly Said:

W hole life assurance with profits and with periodical endowments?

We Answered:

Call the insurance company that it was bought from. That's the only way of knowing for sure. Completely depends on the contract details of how it gets paid out.

Even if she passed away 10 years ago it should still payout if it's still in force, but you'd have to go through the insurance company for that as well.

Lois Said:

I just found a life assurance policy for my deceased father.....what do I do?

We Answered:

Call the life insurance company, give them the policy number. They will look it up and see if it is still active and that it wasn't paid out. Then they can give you some beneficiary information and probably send you some claim forms to fill out, assuming the policy is still in force.

Christine Said:

What does it mean when a life assurance policy is backdated?

We Answered:

Instead of dating the policy today when it's issued by the insurance company you date it as of last month (prior to your birthday, for example) to lower the cost.

That's the answer and the reason. It's usually for a birthday to get and keep a cheaper rate.

Arlene Said:

if declare oneself bankrupt will life assurance policy be taken from to pay off bebts?

We Answered:

u can get money by puting the insutrance policy as a security. its better that u consult ur agent or the company.