Life Encashment on a policy

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ABESTER

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HI
i have a income protection policy. i took it out in 2001 in case of injury ect. i have been reading the policy document and it refers to encashment of the policy but does not explain it well or state if i am entitlied to do so. the policy i have is a total care policy with new ireland insurance. can any one help and explain
 
It doesn't sound like an income protection policy. It sounds like a reviewable unit linked whole of life policy, that may have critical illness, personal accident cover. You may have a statement from the initial start date to show that your policy will be worth x or y in 10 years, but the reality will be very different. You will need to contact New Ireland for an encashment value but don't expect to get much from it.
 
Jimbobp said:
It doesn't sound like an income protection policy. It sounds like a reviewable unit linked whole of life policy, that may have critical illness, personal accident cover. You may have a statement from the initial start date to show that your policy will be worth x or y in 10 years, but the reality will be very different. You will need to contact New Ireland for an encashment value but don't expect to get much from it.
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