Selling Royal London Endowments
Royal London With Profits Endowments
If your endowment policy with Royal London 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 Royal London was founded in 1861 as a friendly society
to serve the interests of its members and their financial security.
Royal London became a mutual life insurance company in 1908.
The Royal London Group consists of The Royal London Mutual Insurance
Society Limited and its subsidiaries. The Royal London Mutual
Insurance Society Limited is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority.
The Royal London Group consists of the following businesses:
Royal London 360°
Royal London Plus - administers policies for who originally took out
policies with Royal London, Royal Liver, Refuge Assurance and United
Royal London Asset Management
Royal London Retail - formerly Phoenix Life Assurance Limited.
Royal London Endowment Policies That Sell
In order to stand the best possible chance of selling your
Royal London endowment please take not of the points below:
- Your Royal London endowment policy should be at least 5 years old.
- The Royal London 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 Royal London 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