Life assurance policy query

B

Bosch

Registered User
Messages
12
Hi folks... quick question if that's ok...

I've a life assurance policy (with Scottish Provident) for a few years and was wondering if it's possible to contact them to cancel the policy and essentially cash it in? Is such a thing possible to do? (I seem to recall the maturity date of 2008 on some documentation about it but can't remember exactly... is it possible to cash it prematurely?? If so, what are the penalties?)

Thanks,
J.
 
What do you mean cash it in? Is this a combined life assurance and savings policy? You need to find some documentation on your policy that clarifies what it is, under what circumstances (including what penalties) it can be encashed etc. Have you contacted SP about this yet at least to inquire?
 
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