Endowment surrender

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Sheepylamb

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Post by Sheepylamb » Fri Dec 07, 2007 5:11 pm
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Hi

Can any of the insurance people help please?

We have to terminate our endowment policy for our IVA and have been discussing this with Norwich Union who advise that currently they are in talks to do a fund transfer and reattribution and they should now this outcome by spring next year. Do you think it would be worth us trying to find the money to keep paying the endowment until that happens Norwich Union cannot give us any details of what the payment maybe.

Thanks
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jpj

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Post by jpj » Fri Dec 07, 2007 5:30 pm
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surely its going to end up in your IVA sooner or later anyway. if i was in your shoes i would surrender it and get it out the way!
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Adam Davies

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Post by Adam Davies » Sat Dec 08, 2007 10:47 am
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Hi
However your creditors may agree to reduce your IVA payments,equal to the endowment payments, whilst you carry on paying so that you realise a better return to them.
Speak with your IP and see what they advise


Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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