Regency Life Endowment - Unsellable ?

bluestone_2

I took out an Endowment with Regency Life in 1991 - who got taken over by Aeogon and then by Windsor Life.
Investment Fund : Balanced Life Accumulator (Managed)
Current Value : £13483.43
Current Surender Value : £14757.61
Premium : £57.40
Mature Date : 2016

I failed to complained within the barring period so no compensation.

A few Questions:-

1. If I have been timed barred is there any chance for compensations still ?

2. I want to Sell. I have been trying to look for any broker who I can sell this endowment to but it has been fruitless, anyone know of any company who might interested?

3. Need advice on options left to me i. Surrender ii. Paid up Policy option iii. Maturity Value iv. any other suggestions?

Any opinions would be greatly appreciated.

Many Thanks in Advance.

BlueStone

EdInvestor

It's unit linked so you can't sell, surrender is always better than paid up unless you have life cover problems.

dunstonh

1. If I have been timed barred is there any chance for compensations still ?

No. That is the whole idea of the time bar.

2. I want to Sell. I have been trying to look for any broker who I can sell this endowment to but it has been fruitless, anyone know of any company who might interested?

As Ed says, you cannot. Unit linked endowments have a daily value and there is no guaranteed sum assured which exists on maturity like conventional with profits. It would be a bit like asking how much would you give me for this £10 note.

3. Need advice on options left to me i. Surrender ii. Paid up Policy option iii. Maturity Value iv. any other suggestions?

Surrender or paid up could be valid options depending on the terms of the policy (as could be keeping it). Ed is incorrect in saying that surrender is always better than paid up. There are many occassions when paid up is best but you need to compare the terms to see which it is.

bluestone_2

Thank you EdInvestor and dunstonh for you thought.

Thanks

BlueStone