Unit Linked-Life Assurance

S

superhooper

Registered User
Messages
39
A relative of mine wants to discontinue her life assurance payments but wants to hold the units for another while in the hope they will come up in value over the few months. However she wants to stop the payments. Can she do this and get rid of the life assurance element as well? She is in her 70's with no dependents so doesn’t exactly need life assurance.
 
She should contact her life assurance company to check the T&Cs of her specific policy. If its not possible she should have an option of decreasing her level of life cover to the minimum and stopping payments. However she will have to check how much the life cover will cost her per month as this will still eat into the savings fund.
 
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