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How can I cash in my Life Assurance policy?

Once the life assurance policy has earned an investment value, you can cash it in. If this is what you want to do you have two choices:

The insurance company which issued the policy will encash it. In most cases you simply phone the insurance company and they will arrange to send you details of the policy’s redemption value in the post. If you want to proceed you complete a form and the money can be with you in around 14 days.

Most people get far higher price for their life assurance policy by selling it to a specialist investment broker rather than encashing it with their insurance company. You’ll find lots of investment brokers interested in buying life assurance policies here on the Internet.

In recent years, investment returns on Life Assurance policies have significantly fallen and most insurance companies are currently placing penalties for cashing in policies early. This has reduced the encashment and resale value of Life Assurance policies.

The following Frequently Asked Questions are related to the above topic. You may care to read them: -

When might I want Life Assurance as opposed to Life Insurance?
What are the alternatives to Life Assurance?

Questions we get asked about Life Assurance

What is the difference between Life Assurance and Life Insurance? | What is a Whole of Life policy? | When might I want Life Assurance as opposed to Life Insurance? | What are the alternatives to Life Assurance? | How can I cash in my Life Assurance policy? | How can I buy a Life Assurance policy?

Questions we get asked about Life Insurance and other protection insurance

Why are life insurance prices so low on the Internet? | What is the difference between a Life Insurance Company and a Life Insurance Broker? | Can I get a Quote now online? | Is the quoted price the same as the price I get charged? | What is a “Rated” policy? | Can Life Insurance cover be arranged quickly? | What does Life Insurance do? | What is the difference between a Reviewable and a Guaranteed policy? | What are the most common optional extras available on life insurance policies? | What does “Term Insurance” mean? | What does “Level Term” insurance mean? | What does “Decreasing Term” insurance mean? | What does Mortgage Life Insurance do? | What does Mortgage Payment Protection Insurance do? | Redunancy Insurance Cover | What does Family Income Benefit Insurance do? | What does Income Protection Insurance do? | What does Critical illness Insurance do? | What does Terminal Illness Insurance do? | How does age affect premiums? - Will my premiums increase over time? | Will my medical history influence my premium? | Do I need a medical? | Life Cover | Are smokers charged more? | Are there any extras to pay? | If I die, how is a claim made? | Is a UK Life Insurance policy valid if I work abroad?