The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Insurance

I have a with profits policy,plus some shares in standard life.How do I get my money?


The policy was taken out in 2002 for 5 years.

Ring their help line. They will tell you how much you will get.
After they take out commission etc.

The challenge lies with the policy terms.. In most insurance policies that offer "shares", in order to receive the money, you would have to borrow the cash from the policy. (Yes, BORROW the money, and have to pay it back to the company.)

If you just want the cash, you'd likely have to surrender the policy, which means you'd be canceling the policy for the cash, less the cancellation fees. Note that the shares/profits may be less than estimated, because you are now in the fifth year of the policy (you noted that it was for five years, which began in 2007).

You'll have to take a look at your policy terms.

Tags
  Renting & Real Estate   Personal Finance   Investing   Insurance   Credit   Corporations   Other - Careers & Employment
Related information
  • I just switched my insurance at work to hmo. Now i found out I am pregnant. Is this a prexxisting condition.?

    You had no lapse in coverage, right? It's going to be covered.

    ...
  • Can you get financed for plastic surgery with bad credit? If so, where?

    From mom and dad. Or maybe from the plastic surgeon. Or, you could always just save up for it. I'd recommend that, as two years from now, you might have something you want more than pla...

  • How much Florida unemplyment insurance can I expect?

    It's usually 60% of your gross income, subject to a minimum and maximum. You might hit the maximum. ...

  • Is medicare part B insurance required if you are working and have group health insurance?

    No. Medicare part B is NEVER required.

    ...
  • How does the tort liability system apply to auto accidents in Illinois?

    For a specific question, ask your agent. Generally, if someone causes an accident that injures you, you can sue them for medical bills, lost wages, services you have to hire, pain and suffering,...

  • Workmans comp question...impairment raiting...?

    Impairment ratings are based on several things, usually the ability to return to work, if there are permanent job restrictions or not, the body part and the percentage of disability awarded and the...

  • Recommendations for Selling a Book of Commercial Business Insurance in Illinois?

    In Ohio it is typically 2 times commission. Probably the same in Illinois. As far as selling approach the independent agencies in your area. They may want to role the book into their own compani...

  • Can you make a living selling insurance for Aflac?

    As long as you have 3-6 months income saved up to protect you from slow months, go for it. It can take time to perfect your pitches but you can make $60k easily selling Aflac.

    ...
  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster