blurpandasg2014
Master Member
- Joined
- Nov 20, 2014
- Messages
- 2,677
- Reaction score
- 415
If u lapse payment for endowment / life plan / ilp, will the insurer pay u the surrender value?
Lapse plan isit same as surrender?
- Thread starter blurpandasg2014
- Start date
No. Lapse does not equal to surrender in cases of WL or ILP, those plans with cash value.
This is because they might just use your cash value to continue financing the premium unless stated otherwise.
The above is subjected to variations among different policies and should not be taken as a statement across all policies.
My advice is, if you want to surrender, surrender it.
This is because they might just use your cash value to continue financing the premium unless stated otherwise.
The above is subjected to variations among different policies and should not be taken as a statement across all policies.
My advice is, if you want to surrender, surrender it.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts.
Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
