shabee

Hi,
I was wondering if anyone on here knows about selling a unit-linked endowment policy.
I have got a surrender amount from them, but I was wondering if I would be better to sell it on.

I did contact a company today but they said they could not touch it because it was unit-linked.

I guess my question is - does anyone know of any companies who would buy this type of policy.

Thanks in advance.
Shabee
x

aus2be

I put the following term into google and it come up with a number of possibilities "traded endowments uk".

Top three links were:

http://www.1stPolicy.co.uk
http://www.surrendalink.co.uk
http://www.aap.co.uk

Not a recommendation of course

HTH
Darren

shabee

Thanks for that Darren will go and contact them.
x

aus2be

You're welcome.

They may be correct regarding a Unit Linked policy as you may just have to accept the fund value. If it was say a With Profit policy with a guaranteed final bonus or maturity value then they could potentially offer a different surrender value as they would know exactly what they would be getting at the maturity date.

shabee

Hi, Darren

I dont know anything about the type of police I have but on the top of the statement it says

Unitised with-profits & unit-linked funds statement.

Its really a problem deciding is just to keep it going as an insurance policy or to get rid.

aus2be

On this type of policy there is usually not a great deal of life assurance attached to it, it is predominantly an investment contract with a small amount of Life Assurance attached. Some questions to be asked of the provider could be:

• What is the Sum Assured (amount to be paid on death - life assurance aspect)
• Current annual bonus
• Previous 3/5 years annual bonus history
• Current Terminal Bonus
• Current Fund value (Surrender value - Terminal Bonus)
• Is there a Guaranteed Terminal Bonus or Surrender value
• Can they provide a projected benefits statement (this will give you what the policy may return at maturity/10 years given either 2 or 3 different annual returns. Though if there is a very low or zero annual bonus how much is this projection actually worth?)

Darren