Selling AEGON Endowments
AEGON With Profits Endowments
If you have an endowment policy with AEGON and are considering
surrendering the policy and cashing it in, then you might want to
consider selling it instead.
Read what the UK Government have to say about selling endowments
below on the right.
AEGON have been involved in the life assurance market since
1831 when Scottish Equitable was founded in Edinburgh.
They are now part of AEGON N.V., an international provider of life
insurance, pensions and asset management, with businesses in over 20
countries around the globe.
Apart from selling with profits endowments AEGON are also involved in
retirement planning, investments and savings and protection.
Based in Edinburgh AEGON products range from life insurance and
protection to mortgages, pensions, annuities, long-term savings and
investments, and general insurances such as car and household
AEGON Endowment Policies That Sell
In order to stand the best possible chance of selling your
AEGON endowment please take not of the points below:
- Your AEGON endowment policy should be at least 5 years old.
- The AEGON endowment must be 100% "With Profits" - unitised
and unit linked policies are not saleable.
- The latest up-to-date surrender value must be at least £3000
- All the required information on the endowment selling form
has been supplied by you.
Extracts From Government Publications
CP 106 "The Personal Investment Authority (PIA) issue
guidance (Regulatory Update 85) in March 2001, asking provider firms
to take steps to ensure that policyholders who were considering the
surrender of a life policy were informed that they might be able to
trade their policy instead."
COB 6.5.50R(5) "requires a firm to ensure that the
policyholder is made aware of the existence of the secondary market
and how he might access it."
"If you have a with-profits endowment policy, you may be able to
sell it on the second-hand endowment market.
If you’ve been paying in for at least seven years, you’ll probably
earn more if you sell a with-profits policy rather than cashing it