Old endowment policy

Reg_arathoon

I received a letter from royal London regarding an endowment policy that is due to mature in 4 months time.

I haven't paid into the policy for 20+ years as it was taken out when I bought my first house with my ex wife.

It was in joint names with my ex wife and I'm wondering if I can still claim the money.

I haven't spoke to the ex in years and could track the evil, blood sucking haridon (yes, I had a bad break up and still feel badly towards her even after all this time) but I'm sure that she would demand half of the money even though I was the sole earner whilst we were married.

I can recall through the mists of time that when we bought the house in 98 we had a joint acct that the payment came out of.
We sold the house and moved away in 2001and bought a new property which is when I probably stopped paying the policy and then split up, sold up and never spoke again in 2004.

Any advice would be helpful and if any further information is required

MWT

Did you reach a formal agreement on the disposition of your assets at the time?

comeandgo

I had an endownment policy mature which was in joint names with ex husband and I continued payments on it. I had to get his signature before it was paid out to me.  The company did say they could pay me half just now and hold the rest back in case he would not sign.

MWT

That is what I would expect.

Without a formal disposition of assets making it clear that rights to the proceeds had been waived or assigned the only stance the company can have is 50/50.

Time to start tracking her down if you don't have the paperwork to prove it is 100% yours...

Old_Lifer

If it was owned jointly when you took it out and this issue was not addressed  when you  divorced,  the policy will still be jointly owned.

With a joint policy either policyholder can pay the premiums.

dunstonh

It was in joint names with my ex wife and I'm wondering if I can still claim the money.

Jointly owned at the time and failed to be dealt with correctly by the solicitor means that it is still jointly owned.

If the solicitor did assign the policy to you then its all yours.