insurance/assurance -

Mywife & i have a whole of life policy - joint - payable on death. We are planning to move permanently to France and want to sell these policies . Is there a market for such - I am aware that such exists for Endowment . I would think that this is guaranteed investment as long as premiums continue to be paid.

Any advise or interest !

AFAIK whole of life policies are life policies which average out the premiums so you pay an average amount throughout your life choosing with or without inflation. They are not investment policies as the premiums are used to cover your life assurance and would have been paid out if necessary on death. If you have built up an excess amount from premiums already paid, you will get a reimbursement if you cancel the policy. The amount built up depends on your ages/length of time you've held the policy. Contact the assurance company and see if there is a value attached.

As assurance depends on age when policy was taken out, health risks when you took out the policy etc, the premiums are calculated on an individual basis. Endowment policies are taken out to build up a mortgage repayment fund.

I am open to be corrected but I do not think standard life policies can be transferred.