Endowment Selling
Endowment Selling
Endowment Selling
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Selling endowment policies is big business. BBC News explains how you can go about selling an endowment and what are the pitfalls?
When it comes to making a decision on stopping an endowment and surrendering it, it is important to check your policy and make sure there is some value in doing this.
Early redemption can result in making less than you would have if it carried on for its full term, but if you need to have the money, then this may be your only solution.
Of course, continuing to pay money into a poorly performing investment could be throwing good money after bad.
As well as surrendering it back to the company who sold it, policyholders also have the option of selling it to a third party.
This can have the added benefit of getting more for your policy than you would if it was sold back to the original issuer
Endowment Selling
Compare the market and
exclusive offers here!
Selling my endowment is the only online facility that
can submit your policy to the market and give you a
formal offer within minutes! Backed by a public quoted
company (The TEP Exchange), we will find
the highest amount for your endowment
policy with the minimum of effort.
can submit your policy to the market and give you a
formal offer within minutes! Backed by a public quoted
company (The TEP Exchange), we will find
the highest amount for your endowment
policy with the minimum of effort.
Selling an endowment policy
Endowment policies can fetch thousands on the open market |
When it comes to making a decision on stopping an endowment and surrendering it, it is important to check your policy and make sure there is some value in doing this.
Early redemption can result in making less than you would have if it carried on for its full term, but if you need to have the money, then this may be your only solution.
Of course, continuing to pay money into a poorly performing investment could be throwing good money after bad.
As well as surrendering it back to the company who sold it, policyholders also have the option of selling it to a third party.
This can have the added benefit of getting more for your policy than you would if it was sold back to the original issuer