Selling CANADA LIFE Endowments
CANADA LIFE With Profits Endowments
If your endowment policy with CANADA LIFE is not
performing to expectations 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.
Canada Life was founded in 1847 and is the oldest Canadian Life
assurance company. It has its headquars in Toronto, and
operates in the United States, Canada, United Kingdom, Germany and
other countries through local branch operations and subsidiary
It is part of Great-West Lifeco Inc, one of the largest Canadian
life and health insurance companies. Great-West Lifeco serves
several million people worldwide providing a wide range of savings
and income plans, as well as protection plans for individuals and
families. Great-West Lifeco and its subsidiaries have received
strong ratings from the major ratings agencies.
Canada Life in the UK
Canada Life, a wholly owned subsidiary of Great-West Lifeco, began
operations in the United Kingdom in 1903 and looks after the
retirement, investment and protection needs of individuals and
CANADA LIFE Endowment Policies That Sell
In order to stand the best possible chance of selling your
CANADA LIFE endowment please take not of the points below:
- Your CANADA LIFE endowment policy should be at least 5 years old.
- The CANADA LIFE 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.
Click the banner above to sell CANADA LIFE endowment
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