15
Jun/090
Jun/090
CGNU Life and CULAC policy holders to receive payouts
Aviva are sending out voting packs to policy holders to accept £200 of its surplus funds.
The funds have been building up over many decades in the “with – profits” funds of life insurance policies and insurers have been pressured into dividing up the funds fairly to stop policy holders being able to claim a share in the future.
Obviously, the payout depends on what type of policy consumers have. The value, type and how long they have left will all depend on how much payout they will receive.
Policy holders were told to return their votes by the 21st August. Those who vote ‘yes’ will have their policies looked at and a payout devised. Those who vote ‘no’ will receive nothing.
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