Selling Refuge Endowments
Refuge With Profits Endowments
If your endowment policy with Refuge 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 Refuge Assurance Company Ltd. was a life insurance and
pensions company based in England. It was founded by James Proctor
and George Robins in Dukinfield, Cheshire in 1858
After disappointing performances following the merger, the United
Assurance Group was first approached by Britannic Assurance in
November 1999, and then by Royal London Mutual Insurance Society in
Refuge Endowment Policies That Sell
In order to stand the best possible chance of selling your
Refuge endowment please take not of the points below:
- Your Refuge endowment policy should be at least 5 years old.
- The Refuge 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 Refuge 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