Selling Royal Sun Alliance Endowments
Royal Sun Alliance With Profits Endowments
If your endowment policy with Royal Sun Alliance 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
Royal Sun Alliance was formed following the merger of Sun
Alliance and Royal Insurance in 1996.Sun Alliance was itself a
product of the merger in 1959 of The Sun, which was founded in 1710,
with The Alliance, which was founded in 1824 by Nathan Mayer
Rothschild and Moses Montefiore. Sun Alliance went on to acquire
London Assurance in 1965 (becoming Sun Alliance & London) and
Phoenix Assurance in 1984.
Phoenix are now responsible for a number of different life
company brands which include:
NPI and National Provident Life
Royal & Sun Alliance
Swiss Life (UK)
Royal Sun Alliance Endowment Policies That Sell
In order to stand the best possible chance of selling your
Royal Sun Alliance endowment please take not of the points below:
- Your Royal Sun Alliance endowment policy should be at least 5 years old.
- The Royal Sun Alliance 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 Sun Alliance 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