More than one million policyholders who have with-profits funds with the insurance giant Aviva are receiving packs about the proposed 'reattribution' of its surplus funds.
The company is asking policyholders to vote to accept payments of at least £200 in exchange for any future share of the surplus money.
The deal, which has been recommended by the policyholders' advocate, Clare Spottiswoode, affects those with policies in two with-profits funds - CGNU Life and CULAC.
A payout worth £1bn was first proposed by Aviva last summer. But after stock market falls the value has been reduced to around half that original amount.
Money Box looked at what is being offered and evaluated the options for policyholders.