Selling Cooperative Insurance Endowments
Cooperative Insurance With Profits Endowments
If your endowment policy with Cooperative Insurance 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.
The Co-operative Life & Health Insurance is now part of Royal
This what their message to exiting policy holders is on their
"If you have an existing Co-operative Insurance Life or Health
insurance policy, Royal London will now look after your policy. Your
product's terms and conditions, benefits and protection will remain
the same. You don't need to do anything as a result of this change.
Please continue to the Royal London website if you would like more
information on servicing your Life or Health insurance policy or on
Friends Life Policies
If you have a Friends Life Policy sold through The Co-operative Bank
then your policy will remain unchanged. Go to Friends Life Policy
Cooperative Insurance Endowment Policies That Sell
In order to stand the best possible chance of selling your
Cooperative Insurance endowment please take not of the points below:
- Your Cooperative Insurance endowment policy should be at least 5 years old.
- The Cooperative Insurance 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 Cooperative Insurance 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