ENDOWMENT AUCTION CURRENT CATALOGUE
Auction to be held on Thursday 22 February 2007
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NOTE
The rates of bonus and endowment policy surrender values shown in this catalogue and as reproduced on the Foster & Cranfield website are in every case based on the latest information available to Foster & Cranfield when the catalogue went to press, but their accuracy on the Auction date cannot be guaranteed. Investors are reminded that future rates of bonus are not guaranteed. Past performance is not necessarily a guide to future performance. The endowment policy surrender value stated is based on the last quotation received from the Life Office plus any premium due since the quotation date to and including 28 days from Auction Date.The Guaranteed Minimum Value equals the Sum Assured plus the Bonuses to Date.
Lot 1
A Whole Life Policy of Assurance for £3,000.00 (with profits)
Effected 1st June 1974 with the
PRUDENTIAL ASSURANCE COMPANY
Payable on the death of a Lady now aged 59. Bonus additions £7,441.00 to 31st December 2005. (1.00 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £4.94 payable on 1st of each month. Surrender Value £9,550 approximately. We have obtained three quotes to alter the policy; one to mature on 1 March 2018 with a revised monthly premium of £18.92 (the gap premium will be £40.52), one to mature on 1 March 2019 with a revised monthly premium of £16.74 (the gap premium will be £38.34) and one to mature on 1 March 2021 with a revised monthly premium of £13.54 (the gap premium will be £35.14). On the maturity at the present time of endowment assurances in force for 44 years this company is currently paying a terminal bonus equal to 1059 per cent of the sum assured. For a policy in force for 45 years this company is currently paying a terminal bonus equal to 1156 per cent of the sum assured and for a policy in force for 47 years this company is currently paying a terminal bonus equal to 1379.10 per cent of the sum assured. Estimated Sale Price Range £19,000.00 - £20,000.00.
Lot 2
An Endowment Assurance for £10,740.00 (with profits)
Effected 1st March 1987 with the
CO-OPERATIVE INSURANCE SOCIETY
Payable 1st March 2017 or earlier death of a Gentleman now aged 49 (Admitted) or a Lady now aged 50 (Admitted). Bonus additions £7,139.54 to 31st December 2005. (0.40 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £36.30 payable on 1st of each month. Surrender Value £14,534 approximately. On the maturity at the present time of endowment assurances in force for 30 years this Company is currently paying a Terminal Bonus equal to 320.5 per cent of the Sum Assured. Estimated Sale Price Range £23,500.00 - £24,500.00.
Lot 3
An Endowment Assurance for £9,436.00 (with profits)
Effected 26th October 1987 with the
SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY
Payable 26th October 2012 or earlier death of a Gentleman now aged 52. Bonus additions £6,250.51 to 31st December 2005. (0.80 per cent on the sum assured and 1.50 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £36.28 payable on 26th of each month. Surrender Value £16,128 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 51 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £18,000.00 - £18,500.00.
Lot 4
An Endowment Assurance for £25,693.00 (with profits)
Effected 1st August 1992 with the
PRUDENTIAL ASSURANCE COMPANY
Payable 1st August 2017 or earlier death of a Gentleman or a Lady. Bonus additions £9,604.00 to 31st December 2005. (1.00 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £104.05 payable on 1st of each month. Surrender Value £24,899 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 120.9 per cent of the Sum Assured. The Guaranteed Minimum Value is £35,297.00 provided that all future premiums are paid. Estimated Sale Price Range £32,500.00 - £33,000.00.
Lot 5
An Endowment Assurance for £6,868.00 (with profits)
Effected 28th October 1988 with the
SUN LIFE ASSURANCE COMPANY OF CANADA
Payable 28th October 2013 or earlier death of a Gentleman or a Lady. Bonus additions £4,242.57 to 31st December 2005. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2005. The interim bonus rate for 2006 is 0.50 per cent.) Premium £27.65 payable on 28th of each month. Surrender Value £8,528 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 34 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £11,110.57 provided that all future premiums are paid. Estimated Sale Price Range £9,750.00 - £10,250.00.
Lot 6
An Endowment Assurance for £6,500.00 (with profits)
Effected 22nd January 1990 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 22nd January 2015 or earlier death of a Gentleman now aged 53 (Admitted). Bonus additions £3,677.33 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £27.20 payable on 22nd of each month. Surrender Value £7,365 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. We have obtained a quote to remove the death benefit - the revised monthly premium would be £24.92. The Guaranteed Minimum Value is £10,177.33 provided that all future premiums are paid. Estimated Sale Price Range £8,000.00 - £8,500.00.
Lot 7
An Endowment Assurance for £11,696.00 (with profits)
Effected 14th October 1986 with the
FRIENDS' PROVIDENT LIFE OFFICE
Payable 14th October 2011 or earlier death of a Gentleman or a Lady. Bonus additions £8,840.25 to 31st December 2006. (0.25 per cent on the attaching bonuses was declared for the year ending 31st December 2006.) Premium £52.31 payable on 14th of each month. Surrender Value £16,577 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 30 per cent of the attaching Reversionary Bonuses. This is a low cost endowment. The Guaranteed Minimum Value is £20,536.25 provided that all future premiums are paid. Estimated Sale Price Range £19,000.00 - £19,500.00.
Lot 8
An Endowment Assurance for £2,340.00 (with profits)
Effected 1st April 1987 with the
PRUDENTIAL ASSURANCE COMPANY
Payable 1st April 2012 or earlier death of a Gentleman now aged 50 (Admitted) or a Lady now aged 48 (Admitted). Bonus additions £1,750.85 to 31st December 2005. (1.00 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £10.26 payable on 1st of each month. Surrender Value £4,404 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 120.9 per cent of the Sum Assured. Estimated Sale Price Range £5,200.00 - £5,600.00.
Lot 9
An Endowment Assurance for £8,580.00 (with profits)
Effected 1st December 1992 with the
CO-OPERATIVE INSURANCE SOCIETY
Payable 1st December 2017 or earlier death of a Gentleman now aged 33. Bonus additions £2,983.09 to 31st December 2005. (0.40 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £31.50 payable on 1st of each month. Surrender Value £6,736 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 114.1 per cent of the Sum Assured. The Guaranteed Minimum Value is £11,563.09 provided that all future premiums are paid. Estimated Sale Price Range £9,500.00 - £9,850.00.
Lot 10
An Early Maturity Policy of Assurance for £12,025.00 (with profits)
Effected 2nd July 1991 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 2nd July 2016 or earlier death of a Gentleman now aged 41 (Admitted). Bonus additions £5,465.60 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £46.88 payable on 2nd of each month. Surrender Value £11,552 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £17,490.60 provided that all future premiums are paid. Estimated Sale Price Range £12,500.00 - £12,850.00.
Lot 11
An Endowment Assurance for £10,189.00 (with profits)
Effected 1st August 1997 with the
ROYAL LONDON MUTUAL INSURANCE COMPANY
Payable 1st August 2012 or earlier death of a Gentleman now aged 37. Bonus additions £2,261.95 to 31st December 2005. (0.50 per cent on the sum assured was declared for the year ending 31st December 2005.) Premium £74.60 payable on 1st of each month. Surrender Value £6,830 approximately. On the maturity at the present time of endowment assurances in force for 15 years this Company is currently paying a Terminal Bonus equal to 13.1 per cent of the Sum Assured. The Guaranteed Minimum Value is £12,450.95 provided that all future premiums are paid. Estimated Sale Price Range £7,500.00 - £7,850.00.
Lot 12
An Endowment Assurance for £8,190.00 (with profits)
Effected 1st June 1990 with the
PRUDENTIAL ASSURANCE COMPANY
Payable 1st June 2015 or earlier death of a Gentleman now aged 58 (Admitted) or a Lady now aged 54 (Admitted). Bonus additions £3,928.00 to 31st December 2005. (1.00 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £42.06 payable on 1st of each month. Surrender Value £10,896 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 120.9 per cent of the Sum Assured. Estimated Sale Price Range £13,000.00 - £13,500.00.
Lot 13
An Endowment Assurance for £8,168.00 (with profits)
Effected 2nd July 1987 with the
SUN ALLIANCE ASSURANCE COMPANY (Now part of PHOENIX GROUP)
Payable 2nd July 2012 or earlier death of a Gentleman now aged 45. Bonus additions £4,704.53 to 31st December 2005. (0.10 per cent on the sum assured and 0.10 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £38.96 payable on 2nd of each month. Surrender Value £11,023 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 35 per cent of the Sum Assured. This was a low start contract with premiums commencing at £19.48. The Guaranteed Minimum Value is £12,872.53 provided that all future premiums are paid. Estimated Sale Price Range £11,750.00 - £12,500.00.
Lot 14
An Endowment Assurance for £14,625.00 (with profits)
Effected 8th May 1986 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 8th May 2011 or earlier death of a Gentleman now aged 51 (Admitted) or a Lady now aged 58 (Admitted). Bonus additions £13,302.61 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £63.10 payable on 8th of each month. Surrender Value £25,370 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. We have obtained a quote to remove the death benefit - the revised monthly premium would be £55.99. The Guaranteed Minimum Value is £27,927.61 provided that all future premiums are paid. Estimated Sale Price Range £26,000.00 - £26,500.00.
Lot 15
An Endowment Assurance for £9,258.00 (with profits)
Effected 12th August 1988 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 12th August 2013 or earlier death of a Gentleman now aged 51 (Admitted) or a Lady now aged 58 (Admitted). Bonus additions £6,429.18 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £42.02 payable on 12th of each month. Surrender Value £12,540 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. We have obtained a quote to remove the death benefit - the revised monthly premium would be £36.37. The Guaranteed Minimum Value is £15,687.18 provided that all future premiums are paid. Estimated Sale Price Range £13,000.00 - £13,500.00.
Lot 16
An Endowment Assurance for £13,170.00 (with profits)
Effected 8th September 1986 with the
GENERAL ACCIDENT LIFE ASSURANCE
(NOW PART OF NORWICH UNION)
Payable 8th September 2011 or earlier death of a Gentleman now aged 49 or a Lady now aged 48. Bonus additions £13,599.00 to 31st December 2006. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2006.) Premium £49.90 payable on 8th of each month. Surrender Value £26,451 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 33 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £27,750.00 - £28,500.00.
Lot 17
An Endowment Assurance for £5,460.00 (with profits)
Effected 1st April 1987 with the
PRUDENTIAL ASSURANCE COMPANY
Payable 1st April 2012 or earlier death of a Gentleman now aged 50 (Admitted) or a Lady now aged 48 (Admitted). Bonus additions £4,085.28 to 31st December 2005. (1.00 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £23.10 payable on 1st of each month. Surrender Value £10,285 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 120.9 per cent of the Sum Assured. Estimated Sale Price Range £12,500.00 - £13,000.00.
Lot 18
An Endowment Assurance for £3,800.00 (with profits)
Effected 1st April 1988 with the
PRUDENTIAL ASSURANCE COMPANY
Payable 1st April 2012 or earlier death of a Gentleman now aged 50 (Admitted) or a Lady now aged 48 (Admitted). Bonus additions £2,488.96 to 31st December 2005. (1.00 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £16.60 payable on 1st of each month. Surrender Value £6,812 approximately. On the maturity at the present time of endowment assurances in force for 24 years this Company is currently paying a Terminal Bonus equal to 112 per cent of the Sum Assured. Estimated Sale Price Range £7,750.00 - £8,150.00.
Lot 19
An Endowment Assurance for £23,693.00 (with profits)
Effected 18th March 1991 with the
SUN LIFE ASSURANCE COMPANY OF CANADA
Payable 18th March 2016 or earlier death of a Gentleman now aged 60 or a Lady now aged 58. Bonus additions £10,922.43 to 31st December 2005. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2005. The interim bonus rate for 2006 is 0.50 per cent.) Premium £146.74 payable on 18th of each month. Surrender Value £22,409 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 34 per cent of the Sum Assured and attaching Reversionary Bonuses. This was a low start contract with premiums commencing at £73.90. The Guaranteed Minimum Value is £34,615.43 provided that all future premiums are paid. Estimated Sale Price Range £24,500.00 - £25,000.00.
Lot 20
An Endowment Assurance for £22,528.00 (with profits)
Effected 6th April 1992 with the
NORWICH UNION LIFE INSURANCE SOCIETY
Payable 6th April 2017 or earlier death of a Gentleman now aged 42 or a Lady now aged 38. Bonus additions £6,247.15 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2006.) Premium £94.21 payable on 6th of each month. Surrender Value £18,402 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 79.5 per cent of the Sum Assured. The male life was added to the policy in November 1995. This was a low start contract with premiums commencing at £46.65. The Guaranteed Minimum Value is £28,775.15 provided that all future premiums are paid. Estimated Sale Price Range £20,500.00 - £21,000.00.
Lot 21EQUITY RELEASE25% of the equity in excess of £300,000 plus 75% of the equity up to £300,000 in a freehold property currently valued by a local estate agent as being worth between £750,000 and £775,000 with vacant possession. The property, situated at 33 Dukes Road, Lindfield, West Sussex, comprises a five-bedroomed house with sitting room, dining room, study, kitchen and two bathrooms. The current owners area man now aged 74 (born 21 December 1932) and his wife now aged 70 (born 20 December 1936) and the equity will be realisable upon their death.The property is subject to a shared appreciation mortgage taken out in 1998 under which the lender's interest in the property is £75,000 plus 75% of the value of the property in excess of £300,000.Please see additional conditions 1-10 on the inside back cover of this catalogue.Solicitors for the vendors: Ms Joy HuntGriffith Smith47 Old Steyne Brighton BN1 1NWTel: 01273 324041.Estimated Sale Price Range £155,000.00 - £170,000.00.
Lot 22
An Early Maturity Policy of Assurance for £11,041.00 (with profits)
Effected 9th February 1987 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 9th February 2012 or earlier death of a Gentleman now aged 46 (Admitted) or a Lady now aged 44 (Admitted). Bonus additions £9,212.94 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £44.21 payable on 9th of each month. Surrender Value £17,872 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. We have obtained a quote to remove the death benefit - the revised monthly premium would be £42.07. The Guaranteed Minimum Value is £20,253.94 provided that all future premiums are paid. Estimated Sale Price Range £18,500.00 - £19,000.00.
Lot 23
An Endowment Assurance for £5,000.00 (with profits)
Effected 28th February 1986 with the
SUN LIFE ASSURANCE COMPANY OF CANADA
Payable 28th February 2011 or earlier death of a Lady now aged 56 (Admitted). Bonus additions £4,399.41 to 31st December 2005. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2005. The interim bonus rate for 2006 is 0.50 per cent.) Premium £19.33 payable on 28th of each month. Surrender Value £8,678 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 34 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £9,650.00 - £9,950.00.
Lot 24
An Endowment Assurance for £10,000.00 (with profits)
Effected 1st December 1995 with the
CO-OPERATIVE INSURANCE SOCIETY
Payable 1st December 2020 or earlier death of a Gentleman now aged 41 or a Lady now aged 40. Bonus additions £2,057.10 to 31st December 2005. (0.40 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £36.50 payable on 1st of each month. Surrender Value £5,108 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 114.1 per cent of the Sum Assured. The Guaranteed Minimum Value is £12,057.10 provided that all future premiums are paid. Estimated Sale Price Range £6,750.00 - £7,150.00.
Lot 25
An Endowment Assurance for £7,035.00 (with profits)
Effected 10th March 1986 with the
NORWICH UNION LIFE INSURANCE SOCIETY
Payable 10th March 2011 or earlier death of a Gentleman now aged 41 (Admitted) or a Lady now aged 40 (Admitted). Bonus additions £5,552.05 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2006.) Premium £26.56 payable on 10th of each month. Surrender Value £12,803 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 79.5 per cent of the Sum Assured. Estimated Sale Price Range £14,250.00 - £14,500.00.
Lot 26
An Endowment Assurance for £11,021.00 (with profits)
Effected 1st June 1987 with the
SCOTTISH PROVIDENT INSTITUTION
Payable 1st June 2012 or earlier death of a Gentleman. Bonus additions £9,623.30 to 31st December 2005. This company is currently not paying any reversionary bonuses.) Premium £50.32 payable on 1st of each month. Surrender Value £19,386.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 22 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £20,644.30 provided that all future premiums are paid. Estimated Sale Price Range £20,000.00 - £20,500.00.
Lot 27
An Endowment Assurance for £7,617.00 (with profits)
Effected 22nd February 1991 with the
SUN LIFE ASSURANCE COMPANY OF CANADA
Payable 22nd February 2016 or earlier death of a Gentleman now aged 47 or a Lady now aged 46. Bonus additions £3,493.90 to 31st December 2005. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2005. The interim bonus rate for 2006 is 0.50 per cent.) Premium £33.77 payable on 22nd of each month. Surrender Value £7,274 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 34 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £11,110.90 provided that all future premiums are paid. Estimated Sale Price Range £8,000.00 - £8,500.00.
Lot 28
An Endowment Assurance for £11,660.00 (with profits)
Effected 17th November 1989 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 17th November 2014 or earlier death of a Gentleman now aged 42 or a Lady now aged 43. Bonus additions £6,690.07 to 15th November 2005. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2005. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £46.20 payable on 17th of each month. Surrender Value £13,446 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £18,350.07 provided that all future premiums are paid. Estimated Sale Price Range £14,250.00 - £14,650.00.
Lot 29
An Endowment Assurance for £9,632.00 (with profits)
Effected 7th October 1986 with the
NORWICH UNION LIFE INSURANCE SOCIETY
Payable 7th October 2011 or earlier death of a Gentleman now aged 58 or a Lady now aged 56. Bonus additions £7,601.50 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2006.) Premium £42.16 payable on 7th of each month. Surrender Value £16,480 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 79.5 per cent of the Sum Assured. Estimated Sale Price Range £19,000.00 - £19,500.00.
Lot 30
An Early Maturity Policy of Assurance for £14,300.00 (with profits)
Effected 28th December 1991 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 28th December 2016 or earlier death of a Gentleman now aged 38 or a Lady now aged 39. Bonus additions £5,905.85 to 15th November 2005. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2005. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £57.32 payable on 28th of each month. Surrender Value £12,897 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £20,205.85 provided that all future premiums are paid. Estimated Sale Price Range £13,500.00 - £14,000.00.
Lot 31
An Endowment Assurance for £8,256.00 (with profits)
Effected 16th July 1986 with the
NORWICH UNION LIFE INSURANCE SOCIETY
Payable 16th July 2011 or earlier death of a Gentleman now aged 58. Bonus additions £6,515.65 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2006.) Premium £35.56 payable on 16th of each month. Surrender Value £14,300 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 79.5 per cent of the Sum Assured. This was originally a joint life policy but the female life has been removed.Estimated Sale Price Range £16,500.00 - £17,000.00.
Lot 32
An Endowment Assurance for £30,204.00 (with profits)
Effected 27th February 1992 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY
Payable 27th February 2017 or earlier death of a Gentleman now aged 36. Bonus additions £6,581.80 to 31st December 2005. (0.50 per cent on the sum assured and 1.00 per cent on attaching bonuses has been declared for the year ending 31st December 2006. The interim bonus rate for 2007 is 0.50 per cent and 2.00 per cent respectively.) Premium £141.80 payable on 27th of each month. Surrender Value £18,653 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 33 per cent of the Sum Assured and attaching Reversionary Bonuses. This was originally a joint life policy but the female life has been removed. The Guaranteed Minimum Value is £36,785.80 provided that all future premiums are paid. Estimated Sale Price Range £22,250.00 - £22,500.00.
Lot 33
An Endowment Assurance for £10,860.00 (with profits)
Effected 12th June 1986 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 12th June 2011 or earlier death of a Gentleman now aged 46 (Admitted) or a Lady now aged 45 (Admitted). Bonus additions £9,786.20 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £42.70 payable on 12th of each month. Surrender Value £18,633 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. We have obtained a quote to remove the death benefit - the revised monthly premium would be £40.53. The Guaranteed Minimum Value is £20,646.20 provided that all future premiums are paid. Estimated Sale Price Range £19,250.00 - £19,750.00.
Lot 34
An Endowment Assurance for £4,725.00 (with profits)
Effected 1st October 1990 with the
PRUDENTIAL ASSURANCE COMPANY
Payable 1st October 2015 or earlier death of a Gentleman now aged 35 (Admitted). Bonus additions £2,359.05 to 31st December 2005. (1.00 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £19.85 payable on 1st of each month. Surrender Value £5,908 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 120.9 per cent of the Sum Assured. Estimated Sale Price Range £7,500.00 - £8,000.00.
Lot 35
An Endowment Assurance for £8,028.00 (with profits)
Effected 28th September 1988 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 28th September 2013 or earlier death of a Gentleman now aged 57 or a Lady now aged 45. Bonus additions £5,407.00 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £35.09 payable on 28th of each month. Surrender Value £10,625 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £13,435.00 provided that all future premiums are paid. Estimated Sale Price Range £11,000.00 - £11,500.00.
Lot 36
An Endowment Assurance for £4,000.00 (with profits)
Effected 15th May 1975 with the
CO-OPERATIVE INSURANCE SOCIETY
Payable 15th May 2009 or earlier death of a Gentleman now aged 62. Bonus additions £5,620.13 to 31st December 2005. (0.40 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Quarterly premium £32.60 payable on 15th of February, May, August and November each year. Surrender Value £24,445 approximately. On the maturity at the present time of endowment assurances in force for 34 years this Company is currently paying a Terminal Bonus equal to 560 per cent of the Sum Assured. Estimated Sale Price Range £28,750.00 - £29,500.00.
Lot 37
An Endowment Assurance for £6,175.00 (with profits)
Effected 19th December 1988 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 19th December 2013 or earlier death of a Gentleman now aged 45. Bonus additions £4,058.47 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £23.99 payable on 19th of each month. Surrender Value £7,893 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £10,233.47 provided that all future premiums are paid. Estimated Sale Price Range £8,350.00 - £8,650.00.
Lot 38
An Endowment Assurance for £8,654.00 (with profits)
Effected 8th August 1986 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY
Payable 8th August 2011 or earlier death of a Gentleman now aged 53. Bonus additions £8,170.10 to 31st December 2005. (0.50 per cent on the sum assured and 1.00 per cent on attaching bonuses has been declared for the year ending 31st December 2006. The interim bonus rate for 2007 is 0.50 per cent and 2.00 per cent respectively.) Premium £32.02 payable on 8th of each month. Surrender Value £13,876 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 33 per cent of the Sum Assured and attaching Reversionary Bonuses. The surrender value quotation is dated 6 December 2006. The premium shown above is net of self-commission; the gross monthly premium is £34.07. The Guaranteed Minimum Value is £16,824.10 provided that all future premiums are paid. Estimated Sale Price Range £16,000.00 - £16,500.00.
Lot 39
An Endowment Assurance for £5,268.00 (with profits)
Effected 11th March 1985 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 11th March 2010 or earlier death of a Lady now aged 48. Bonus additions £5,399.36 to 15th November 2005. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses has been declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £21.21 payable on 11th of each month. Surrender Value £10,290 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £11,000.00 - £11,500.00.
Lot 40
An Endowment Assurance for £13,210.00 (with profits)
Effected 1st April 1988 with the
NORWICH UNION LIFE INSURANCE SOCIETY
Payable 1st April 2013 or earlier death of a Gentleman now aged 44 (Admitted) or a Lady now aged 40 (Admitted). Bonus additions £7,876.75 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2006.) Premium £44.63 payable on 1st of each month. Surrender Value £20,101 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 79.5 per cent of the Sum Assured. Estimated Sale Price Range £22,500.00 - £23,500.00.
Lot 41
An Endowment Assurance for £6,639.00 (with profits)
Effected 23rd November 1987 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 23rd November 2012 or earlier death of a Gentleman now aged 44 or a Lady now aged 43. Bonus additions £4,969.00 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £26.74 payable on 23rd of each month. Surrender Value £9,795 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £11,608.00 provided that all future premiums are paid. Estimated Sale Price Range £10,500.00 - £10,850.00.
Lot 42
An Early Maturity Policy of Assurance for £7,313.00 (with profits)
Effected 5th September 1986 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 5th September 2011 or earlier death of a Gentleman now aged 60 or a Lady now aged 57. Bonus additions £6,404.44 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £35.65 payable on 5th of each month. Surrender Value £12,357 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £13,717.44 provided that all future premiums are paid. Estimated Sale Price Range £13,000.00 - £13,500.00.
Lot 43
An Endowment Assurance for £13,050.00 (with profits)
Effected 1st December 1989 with the
ROYAL LONDON MUTUAL INSURANCE COMPANY
Payable 1st December 2014 or earlier death of a Gentleman now aged 47. Bonus additions £9,617.85 to 31st December 2005. (0.50 per cent on the sum assured was declared for the year ending 31st December 2005.) Premium £48.27 payable on 1st of each month. Surrender Value £15,261 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 145 per cent of the Sum Assured. Royal London have, under the Maturity Guarantee condition, increased the sum assured and premiums to £14,525 and £53.09 respectively. The insurance company have confirmed that this increase can be reversed to the original details shown above. The Guaranteed Minimum Value is £22,667.85 provided that all future premiums are paid. Estimated Sale Price Range £22,000.00 - £22,500.00.
Lot 44
An Endowment Assurance for £14,828.00 (with profits)
Effected 4th November 1994 with the
FRIENDS' PROVIDENT LIFE OFFICE
Payable 4th November 2019 or earlier death of a Gentleman now aged 47 or a Lady now aged 33. Bonus additions £3,504.77 to 31st December 2006. (0.25 per cent on the attaching bonuses was declared for the year ending 31st December 2006.) Premium £50.21 payable on 4th of each month. Surrender Value £7,798.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 30 per cent of the attaching Reversionary Bonuses. This is a low cost endowment. This series has only been in force since 1992 and on the maturity at the present time of assurances in force for 15 years this company is currently paying a terminal bonus equal to 15 per cent of the attaching reversionary bonuses. The Guaranteed Minimum Value is £18,332.77 provided that all future premiums are paid. Estimated Sale Price Range £9,850.00 - £10,500.00.
Lot 45
An Endowment Assurance for £4,290.00 (with profits)
Effected 15th July 1991 with the
CO-OPERATIVE INSURANCE SOCIETY
Payable 15th July 2016 or earlier death of a Gentleman. Bonus additions £1,737.69 to 31st December 2005. (0.40 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 31st December 2005.) Premium £16.32 payable on 15th of each month. Surrender Value £3,140 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 114.1 per cent of the Sum Assured. The Guaranteed Minimum Value is £6,027.69 provided that all future premiums are paid. Estimated Sale Price Range £4,000.00 - £4,500.00.
Lot 46
An Endowment Assurance for £4,632.00 (with profits)
Effected 1st August 1989 with the
STANDARD LIFE ASSURANCE COMPANY
Payable 1st August 2014 or earlier death of a Gentleman now aged 39 (Admitted). Bonus additions £2,814.15 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2006. The interim bonus rate for 2007 is 0.25 per cent and 0.50 per cent respectively.) Premium £18.45 payable on 1st of each month. Surrender Value £5,537 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 20.6 per cent of the Sum Assured and attaching Reversionary Bonuses. This was originally a joint life policy but was altered to single life in December 1989 - the premiums were £18.96. The Guaranteed Minimum Value is £7,446.15 provided that all future premiums are paid. Estimated Sale Price Range £6,000.00 - £6,350.00
Foster & Cranfield Limited
Registered in England
No: 3448335
Authorised and regulated by the Financial Services Authority for the
sale of financial interests
A wholly-owned subsidiary of IFG Group plc
