Selling CLERICAL MEDICAL AND GENERAL Endowments
CLERICAL MEDICAL AND GENERAL With Profits Endowments
If your endowment policy with CLERICAL MEDICAL AND GENERAL 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.
Clerical Medical has been one of the leading providers of
pensions and investments since 1824. They say they have always been
dedicated to providing consistent, dependable services and products
that meet their clients' investment needs.
From December 2009 Clerical Medical along with Scottish Widows
became part of the Lloyds Banking Group, one of the biggest
financial service providers in the UK. The new amalgamation of
Scottish Widows and Clerical Medical intend to continue to deliver
the products and services, both to new and existing clients, which
have built their reputations of being at the forefront of helping
clients build for their financial futures
CLERICAL MEDICAL AND GENERAL Endowment Policies That Sell
In order to stand the best possible chance of selling your
CLERICAL MEDICAL AND GENERAL endowment please take not of the points below:
- Your CLERICAL MEDICAL AND GENERAL endowment policy should be at least 5 years old.
- The CLERICAL MEDICAL AND GENERAL 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 CLERICAL MEDICAL AND GENERAL 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