Don't surrender your LIC policy!
The premium due date for your LIC policy is coming, but you do not want to pay it. You want to surrender your policy. While you will get some money in return (lower than premiums paid so far), your death benefit will be gone. What if you get the money and part of the death benefit still continues? Ketan Mehta, founder & Director of ACESO Endowment Services, has found a way out - assign your policy to a trust set up by Mehta. Watch the video to know more.
Episode 856 of the Why Not Mint Money podcast, hosted by Mint - HT Smartcast, titled "Don't surrender your LIC policy!" was published on July 18, 2024 and runs 24 minutes.
July 18, 2024 ·24m · Why Not Mint Money
Summary
The premium due date for your LIC policy is coming, but you do not want to pay it. You want to surrender your policy. While you will get some money in return (lower than premiums paid so far), your death benefit will be gone. What if you get the money and part of the death benefit still continues? Ketan Mehta, founder & Director of ACESO Endowment Services, has found a way out - assign your policy to a trust set up by Mehta. Watch the video to know more. Learn more about your ad choices. Visit megaphone.fm/adchoices