Britannia Life Endowment
Britannia Life Endowment
If you are looking to surrender your Britannia Life Endowment policy, it is worth getting a sales quote first, because you may get more money for it. When you request surrender, in most cases you will get a poor value deal because the value does not necessarily reflect the true value of the endowment. And if you surrender before your term is up, you will get charged by your policy provider.
Britannia has been around since 1856, then known then as Leek & Moorlands. Phoenix Life Limited bought out the life assurance part of Britannia's business, so all Britannia Life Endowment policies are now run by Phoenix Life Limited.
Phoenix Life has merged a number of companies, some which date back several hundred years, amounting in a great deal of experience dealing with personal finance, investment, savings, pensions and insurance.