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Lost endowment policy certs
ph66m
Posts: 2 Newbie
Hi,
Wonder if any one can help. I have 3 endowment policies (2 with GRE and 1 with L&G)... There are due to mature in 2013, but after searching now for 2 months I cannot find the original documents having moved several times since taking them out. They are not linked to a mortgage so are just acting as savings policies for me.
Question. Do i need to obtain 'replacement' policy documents now or will the companies just pay the money into my account on maturity?
Wonder if any one can help. I have 3 endowment policies (2 with GRE and 1 with L&G)... There are due to mature in 2013, but after searching now for 2 months I cannot find the original documents having moved several times since taking them out. They are not linked to a mortgage so are just acting as savings policies for me.
Question. Do i need to obtain 'replacement' policy documents now or will the companies just pay the money into my account on maturity?
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Comments
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At maturity you're likely to be asked for the original policy documents, together with birth and marriage certificates, unless your age was admitted at the outset. I would suggest contacting the insurers to obtain lost policy forms as the contracts will probably have to be re-written under new policy numbers to prevent someone finding them and attempting to claim on them.Hi,
Wonder if any one can help. I have 3 endowment policies (2 with GRE and 1 with L&G)... There are due to mature in 2013, but after searching now for 2 months I cannot find the original documents having moved several times since taking them out. They are not linked to a mortgage so are just acting as savings policies for me.
Question. Do i need to obtain 'replacement' policy documents now or will the companies just pay the money into my account on maturity?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
many dont even ask for them back nowadays. That that do tend to send a lost policy document declaration as standard.
As kinstreet says above, contact them now to make them aware. That way are you not going to find a delay at maturity. However, don't be concerned. Policy docs are not as important in real life as they once were (although they do technically still carry the same legal weight).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I just had to sign a declaration when my endowment matured so I wouldnt worry about it.
Like Dunstonh says, make them aware of it now so it isn't delayed when it matures.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
You can see how long it is since I worked for a life office.
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
as above don't worry just sign the form to discharge it. i only sent part of the original plan to confirm i had a interest it was not a problem0
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