Selling General Accident Endowments
General Accident With Profits Endowments
If your endowment policy with General Accident is not
performing to expectations and are considering
surrendering the policy and cashing it in, then you might want to
consider selling it instead.
The question is "how much will i get for my General Accident
Endowment if i sell instead of surrender". How much the traders will
offer for a General Accident endowment policy depends on a number of
factors, but the policy holder is not committed to sell the policy
unless they themselves decide to do so.
For that reason alone there is nothing to lose by filling in the
details of your General Accident endowment policy and sending them
for a traders valuation.
Read what the UK Government have to say about selling endowments
below on the right.
General Accident is a registered trademark of Aviva, the UK’s
largest insurance provider
General Accident Endowment Policies That Sell
In order to stand the best possible chance of selling your
General Accident endowment please take not of the points below:
- Your General Accident endowment policy should be at least 5 years old.
- The General Accident 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 General Accident endowment
General Accident is a trading name of Aviva Insurance Limited,
Registered in Scotland Number 2116 with Registered Address at
Pitheavlis, Perth, Scotland PH2 0NH.
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