Selling Friends Life Endowments
Friends Life With Profits Endowments
If your endowment policy with Friends 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.
This is what Friends Life have to say about themselves on their
"Friends Provident (now Friends Life) was founded in Yorkshire
Its purpose was to provide life assurance for members of the Society
of Friends, commonly known as Quakers."
Friends Life Endowment Policies That Sell
In order to stand the best possible chance of selling your
Friends Life endowment please take not of the points below:
- Your Friends Life endowment policy should be at least 5 years old.
- The Friends 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 Friends 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