General Accident became a household name during the property boom years, as thousands of with profits General Accident endowment policies were sold to pay of endowment mortgages. At the time endowment policies were regarded as a very profitable and prudent way to pay off an interest only mortgage.

However, General Accident like most of the endowment policy companies suffered at the hands of diminishing investment returns that had a dramatic effect on the projected future payouts of the maturing endowment policies, and as a result have had to issue letters to their endowment policy holders informing them of revised projected future payouts.

It is only the with profits type of General Accident endowment that are sought after by the endowment buyers, but those General Accident endowments that are deemed suitable can be exchanged for significant uplifts in cash when compared to the surrender value offered by General Accident (or the amalgamation of life offices that it has now become.)

If you have a with profits General Accident endowment policy, and having enquired about its surrender value, you wish to have the General Accident endowment valuation performed by an endowment buyer who is looking to buy up General Accident with profits endowments, then use the "Value My Policies" link above.

 

"Selling General Accident endowment policies is no more complicated than surrendering General Accident endowment policies, but could be more profitable."