Selling Legal and General Endowments
Legal and General With Profits Endowments
If your endowment policy with Legal and General 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 and then if you want to see if your Legal and
General endowment is tradable, and will fetch a higher price than
the surrender value offered by Legal and Generals surrender value
department, fill in the form for a quote.
Legal & General Group Plc, commonly known as Legal & General, is
a British multinational financial services company headquartered in
London, United Kingdom. Its products include life insurance, general
insurance, pensions and investments. It has operations in the United
Kingdom, Egypt, France, Germany, the Gulf, India, the Netherlands
and the United States. As at 31 December 2011 it had total funds
under management of £371 billion.
The umbrella logo used today was introduced by former Chief Press
Officer Gordon Macdonald in June 1984
Legal & General is listed on the London Stock Exchange and is a
constituent of the FTSE 100 Index.
Legal and General Endowment Policies That Sell
In order to stand the best possible chance of selling your
Legal and General endowment please take not of the points below:
- Your Legal and General endowment policy should be at least 5 years old.
- The Legal and General 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 Legal and General 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