Making Your Choice

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Making your choice - the guide

Questions and answers

These were prepared to assist policyholder in coming to their decision about the Aviva offer to buy out policyholders interest in the inherited estates of CGNU and CULAC. The reattribution was approved in the High Court on 19 September 2009 (see ‘News & Articles')

44) What is a reattribution?

A reattribution is the process whereby the company offers to buy out the rights or expectations of policyholders in relation to a possible future distribution of the inherited estates. Policyholders are given an incentive payment if they choose to give up these rights or expectations. The position of policyholders who choose not to accept the offer is protected.

Following the reattribution, the inherited estates remains available to support smoothing and investment flexibility and the other uses of the estate that the FSA permits.

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Related Questions

17) I had a long investment which matured shortly before the 21st November 2006, as I have contributed to the inherited estates how am I not eligible?

16) If I died would a claim on the policy affect eligibility?

15) My policy has been made paid up am I still eligible?

14) My policy ended just before the 21st November 2006; why have I not been considered?

13) Are all policyholders eligible?

12) If I took out a new policy would I be eligible?

11) I have recently switched out of the with profit fund, am I eligible?