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Surrendering Insurance Policy

  • 27-04-2004 5:06pm
    #1
    PiE
    Registered Users, Registered Users 2 Posts: 5,538 ✭✭✭


    'Lo folks, mother dearest is considering surrendering a couple of insurance policies which she's had for a good few years now, but they still have another 8 years before they pay out.

    She's contacted the company (Royal Liver) about this and they sent out a form listing her options. One of the options on the sheet is the ability to "sell the policy for more than it's surrender value". Apparently there are "special policy purchasing companies" and "specialist dealers" who pay for them.

    Arsed if I know of any such company. So, question is; can anyone recommend any good companies who do the above?

    Cheers :)


Comments

  • #2
    spongebob
    Closed Accounts Posts: 6,143 ✭✭✭spongebob


    A lot of these are scumbags. Be p[repared to haggle hard if the policy is

    a) over half way
    b) especially if within 5 years of maturity

    They rely on your not knowing its worth while they do

    HTH

    M


  • #3
    PiE
    Registered Users, Registered Users 2 Posts: 5,538 ✭✭✭PiE


    Cheers Muck, I'll tell her to watch out for it so.

    Anyone know anything about these chaps?


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