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Endowment Policy Surrender
If you are looking to raise cash from your endowment policy you may wish to consider selling your endowment on the traded endowment market as an alternative to endowment policy surrender. Selling your policy will more than often results in a better value than dealing directly with the life company to surrender your policy.
Endowment Policy Surrender Request advice
Call 01225 428444 or click here to access the enquiry centre.
Either way, endowment policy surrender is not a decision that should be taken lightly and there has been considerable discussion regarding endowment policy surrender and the benefits or drawbacks. Whether you sell your endowment policy or surrender your policy to the life company it is wise to seek independent financial and tax advice. If you are unsure as to whether endowment policy surrender is something that is in your best interest let a firm of award winning financial advisors experienced in endowment policy surrender assist you.
You will usually get a better deal by speaking to our brokers than you will from an on-line service. Complete an enquiry form or pick up the telephone and a broker will do the rest. It's Free to you!
Endowment Policy Surrender - Real-Time Quotes & Sell your Policy On-line
Obtain a valuation of your policy when undertaking endowment policy surrender. We give you access to the top offers from several major buyers when you surrender your endowment. For further information about the process of selling an endowment policy click here.
Endowment Policy Surrender
There are two main ways of realising cash from an existing endowment policy. Either through a surrender of the policy back to the life company or by selling it on the second hand endowment policy market.
The 2 most common types of endowment policies are:
With Profits Endowment policy - With a with-profits endowment policy you share in the insurance provider's profits. Annual bonuses are allocated to your policy related to the profits made by your provider. These type of endowments can usually be sold on the traded endowment market provided they have been outstanding for long enough (5 years as a rule of thumb) and are for a significant enough sum (typically greater than £1,500).
Unit-Linked Endowment policy - With a unit-linked endowment policy a range of investment funds are offered into which the premium "units" are invested. You can select the funds but there is no guarantee on performance and their value can fall as well as rise. These type of endowments can not be sold on the traded endowments market.
An Endowment Policy is usually available in 2 forms:
Regular Savings Endowment Policy UK (sometimes known as "low cost endowments") is most commonly seen as regular savings plans attached to mortgages.
A Bond or a Single Premium Endowment Policy UK is a savings plan with typically a small element of life insurance. The premium is usually a single lump sum, used to purchase the life cover but mainly invested to provide a policy with investment returns.
Plus Points: An endowment policy surrender using the traded endowment exchange via this site can often generate more return on the invested amount than simply cashing it in with the provider.
Points to Watch: Endowment policy surrender is not always possible on the traded endowment exchange. For example, you are unlikely to be able to sell a unit or pension linked endowment policy. In this situation endowment policy surrender is normally with the provider.
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