Selling National Mutual Life Assurance Endowments
National Mutual Life Assurance With Profits Endowments
If your endowment policy with National Mutual Life 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.
The National Life Assurance Society was formed at a meeting of
shareholders on 31 December 1829, and became a mutual in 1847. It
established agencies internationally, as well as acquiring many from
the takeover of the Whittington in 1894. Its premises were at 2 King
William Street. Whittington Life Assurance Company was taken over by
the National Life Assurance Society in 1894.
The National Mutual Life Assurance Society was established by the
merger of the National and the Mutual Life Assurance Societies in
1896, and was based at the Mutual's offices at 39 King Street
until its move to larger premises at Bow Churchyard in 1960.
National Mutual Life Assurance Endowment Policies That Sell
In order to stand the best possible chance of selling your
National Mutual Life Assurance endowment please take not of the points below:
- Your National Mutual Life Assurance endowment policy should be at least 5 years old.
- The National Mutual Life 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 National Mutual Life 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