insurance on endowment

fizzycustard

sorry this is a bit of a long one
I have recieved a call from an ex to say he needs me to sign a form to take my name off an insurance on his endowment policy, he said I had filled one in 18 years ago after we had split up so he didn't have to carry on paying it, but the company have messed up and hes been paying it ever since, he needs my signiture to get my name taken off it so he can claim the money back that he shouldn't have been paying, to be honest I don't recall signing anything and surley it wouldn't take him 18 years to realise he's still paying it

Thrugelmir

Where's your share of the proceeds? Presumably you contributed originally.

fizzycustard

Thrugelmir wrote: »

Where's your share of the proceeds? Presumably you contributed originally.

sorry what do you mean share of proceeds

dunstonh

An endowment policy is an investment. It is worth money. he needs to get your name off to release the money to him.

fizzycustard

dunstonh wrote: »

An endowment policy is an investment. It is worth money. he needs to get your name off to release the money to him.

He told me he needs to get my name off so they can pay him back all the money hes paid by mistake, does this mean he's lying

dunstonh

fizzycustard wrote: »

He told me he needs to get my name off so they can pay him back all the money hes paid by mistake, does this mean he's lying

Could just be wording but its highly unlikely it is repaying premiums paid. It is more likely it is the investment value built up from the contributions paid. (i.e. what he has paid plus what they made in value). If it was a mistake, the insurer would refund the premiums to the bank account from which they were paid. A mistake would not require you to sign an assignment as the policy would be voided on a mistake. Its more likely a maturity.

The end result is the same. He wants his money. He needs you to sign.