Instead of cancelling my life insurance policy, can I transfer the value I have built up to another policy?

Asked by katie.jenkins

1 Answer

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Answered by Paul Jackson, IFA in Manchester , LANCASHIRE
In short, no. If you have are retained value/fund you may be able to access part of this with benefits maintained or reduced, depending on the company and type of policy. Regarding the other policy, usually an increased premium is required at review point, not a lump sum. If you wanted to 'invest' monies you are probably better off in an alternative environment than life policies ie ISA's etc | 11.17.10 @ 07:12
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$commenter.renderDisplayableName() — {comment} | 10.22.17 @ 15:23
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Answered by

Paul Jackson
Paul Jackson, IFA in Manchester , LANCASHIRE

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