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Sold Endowments
Stephensssp
Posts: 5 Forumite
I Sold 2 endowment polisies in 2005, the lives assured was myself and my wife. Can someone advise my wife has died do I have to do anything re the policies and do i have a claim against them (dont think i will).
0
Comments
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Firstly, sorry for your loss.
You need to notify the endowment companies (or the company you traded through). The new owner will be paid the proceeds not you. However, it is a requirement that you have to notify the life company and not a choice. It should say that in your agreement when the endowment was sold.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
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