Removing Person From Endowment Policy

CateyG

Hello All,

Looking for some advice.

My partner had an endowment mortgage 20 years ago in his and his ex partners name.

He is the only person to have paid into this policy- the relationship ended less than a year after it was taken out.

She has moved abroad and his attempts to get her to sign off the policy have not been acknowledged. It may be impossible to get in contact with her.

Is it possible to prove that he is the only person to have actually contributed to the policy and have her name removed without her having to sign?

They were not married and have been apart for around 18 years.

From what he has told me the policy is with Aviva but they are being very unhelpful with suggestions.

Would appreciate any help in pointing in the right direction... would ideally like to do this ourselves without having to pay for a legal company to do too much....

Thank you

Thrugelmir

CateyG wrote: »

Would appreciate any help in pointing in the right direction... would ideally like to do this ourselves without having to pay for a legal company to do too much....

Thank you

Without the other party you've a problem. Court may be your only option. Though you'll need to make a thorough attempt to trace the ex.

CateyG

If she refuses to sign the documents handing the account over- is there any recourse since she has never actually been involved in the account?

silvercar

In retrospect, stopping paying for the policy when she disappeared may have been the cheapest and easiest thing to do. Setting up a single life endowment policy in its place.

Now you have a problem.

When one of our endowments matured, the provider wrote and said that unless they heard otherwise, they would pay the proceeds into the account that the payments had come from. The other one required a letter signed by both of us. Neither were Aviva, but just illustrating that different providers handle things differently.

Thrugelmir

CateyG wrote: »

If she refuses to sign the documents handing the account over- is there any recourse since she has never actually been involved in the account?

That's why a court will decide. As it's only your word. If the case isn't defended then by default you'll obtain the outcome you desire.