Selling Guardian Assurance Endowments
Guardian Assurance With Profits Endowments
If your endowment policy with Guardian Assurance 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.
Guardian was established in 1821. Originally called Guardian Fire
& Life, it changed its name to Guardian Assurance in 1902.
In 1968 the company merged with Royal Exchange Assurance to form the
Guardian Royal Exchange Group (GRE).
In 1999, the life and pensions businesses of GRE (which included
Guardian Financial Services) along with the Guardian name were
acquired by AEGON UK, part of the global AEGON Group.
Guardian Financial Services is the collective trading name for
Guardian Assurance Ltd, Guardian Linked Life Assurance Ltd and
Guardian Pensions Management Ltd.
Guardian Assurance Endowment Policies That Sell
In order to stand the best possible chance of selling your
Guardian Assurance endowment please take not of the points below:
- Your Guardian Assurance endowment policy should be at least 5 years old.
- The Guardian Assurance 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 Guardian Assurance 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