National Mutual Endowment

National Mutual Endowment

If you are considering surrendering your National Mutual endowment policy, then before you do, it is worth getting a sales quote, as you could get more. When you surrender your policy back to the policy provider, the price you receive will often not reflect the true value of the policy. You will also be charged a fee for surrendering before the term of your policy is up. A sale is not guaranteed and you should consider replacing the life insurance cover that you will lose if you sell your policy.

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National Mutual became managed by General Electric Life (GE Life) due to a 2002 takeover, but in turn GE was bought in 2006 by Swiss Re, which has yet to rename the new company.

The 400,000 accounts acquired by Swiss Re in the takeover mostly include pensions, savings and income retirement policies that add up to approximately £8billion in total.