Selling COMMERCIAL UNION Endowments
COMMERCIAL UNION With Profits Endowments
If your endowment policy with COMMERCIAL UNION 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.
Commercial Union Life Assurance Company Ltd was incorporated on
January 7 1904 as the British General Insurance Company and became
part of the Commercial Union Assurance Company Ltd in 1926.
British General was initially created to undertake fire and accident
insurance business mainly in the UK but also overseas. After a while
the company broadened its operations. On August 21 1975, the company
changed its name to the Commercial Union Life Assurance Company Ltd.
COMMERCIAL UNION Endowment Policies That Sell
In order to stand the best possible chance of selling your
COMMERCIAL UNION endowment please take not of the points below:
- Your COMMERCIAL UNION endowment policy should be at least 5 years old.
- The COMMERCIAL UNION 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 COMMERCIAL UNION 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