Tweet
Hi All,
I purchased a property with my ex-partner in 1992 and we took out a joint endowment life policy to cover the mortgage.
The relationship was very firery and I left after 2 or so years.
The property was in a sad state when we purchased it and I spent a great deal of sweat and money renovating the house. it was then sold by my ex-partner a year after I left for £30,000 more than we paid. I received no money whatsoever from the profit made.
After I left the endowment premiums were paid solely by my ex-partner. I have been in contact with the company who the endowment is with and asked that at maturity can it be split 50/50 meaning that each party receives around £20,000 each.
My question is how do I stand here, am I entitled to my 50% of the policy or is it that I receive nothing at all?
Many thanks Simon
I purchased a property with my ex-partner in 1992 and we took out a joint endowment life policy to cover the mortgage.
The relationship was very firery and I left after 2 or so years.
The property was in a sad state when we purchased it and I spent a great deal of sweat and money renovating the house. it was then sold by my ex-partner a year after I left for £30,000 more than we paid. I received no money whatsoever from the profit made.
After I left the endowment premiums were paid solely by my ex-partner. I have been in contact with the company who the endowment is with and asked that at maturity can it be split 50/50 meaning that each party receives around £20,000 each.
My question is how do I stand here, am I entitled to my 50% of the policy or is it that I receive nothing at all?
Many thanks Simon
Comment