#surrender

Transamerica IUL: Surrender charge?

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Transamerica IUL: Surrender charge? Can someone help me understand surrender charges? My friend sold me an IUL policy in 2022. My monthly premium is $135. After reviewing the fees and thinking if this policy is worth it. I don’t think I should continue. I’m single and don’t have any dependents. I contacted Transamerica about terminating and they told me my surrender charge is $4k…

Reddit Personal Finance 770 2025-02-14

Voluntary Surrender of Car

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Voluntary Surrender of Car Hi all. I need some advice. This is just a thought I’m having so bear with me. I bought my car in March of 2022 when there were no used vehicles on the lot. There was only one car on the entire lot that I could afford the payments on. I knew I’d pay a little more than it was actually worth but I did not realize how much more. I’ve put less than …

Reddit Personal Finance 1.3k 2024-06-23

Cash Surrender Value

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Cash Surrender Value Hi, so i’m new to this so bear with me. so i’m applying for an apartment and they saw on my paystub that i receive life insurance through my employer. I have Basic Life/ Basic ADD with Sunlife. The coverage is $69,000/$35,000. They take out $2.36/ $0.24 out of my checks. And the leasing agent needs to know if it’s Whole Life or Universal Insur…

Reddit Personal Finance 616 2024-05-20

Enhanced surrender Transamerica

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Enhanced surrender Transamerica I received a letter from Transamerica for an enhanced surrender opportunity. I was planning on cancelling my life insurance policy this year anyway, and this sounds like if I send them a completed medical questionnaire they will quote an enhanced surrender “payout”, whereas if I just cancel nothing will be paid out. Seems pretty obvious that I s…

Reddit Personal Finance 165 2023-09-02

How do I surrender an RV?

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How do I surrender an RV? I know the advice on here is always against repossession/surrender, but I’m already definitely filing for bankruptcy. That ship has sailed. My question is how do I do it? Can I leave it at a storage facility and tell the bank to come get it? I don’t want to have to drag it to them, and I don’t want them to come looking for it. submitted by …

Reddit Personal Finance 213 2023-08-04