Jacovanbeek
Member
- Joined
- May 26, 2023
- Messages
- 26
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Good afternoon All, I am hoping that there is someone on this forum with some knowledge regarding my question. I have a life policy with Discover which is fully paid up by means of a premium waiver as I was classified as disabled in 2008. This policy has a built in growth of CPI + 3.5% p/a.
Am I able to surrender this policy for it's cash value? Surely it makes business sense to them as the cover with only increase way above inflation as time goes by and I never have to pay a premium again ever?
I have financially been on the back foot for a very long time and as much as I took out this policy look provide for my loved ones when I am no longer around, I really could do with the cash now to actually be able to live?
Any comments or advise would be appreciated.
Am I able to surrender this policy for it's cash value? Surely it makes business sense to them as the cover with only increase way above inflation as time goes by and I never have to pay a premium again ever?
I have financially been on the back foot for a very long time and as much as I took out this policy look provide for my loved ones when I am no longer around, I really could do with the cash now to actually be able to live?
Any comments or advise would be appreciated.