Why do people sell their endowment policies?
The most common reasons for selling an endowment policy are: • To repay their Mortgage/Refinance • Fear that the endowment policy will not cover future mortgage repayments • Moving House • Divorce • Wish to raise capital early rather than waiting for maturity • Substantial debts or possible insolvency • Redundancy • Unable to maintain premium payments • Raising finance for specific items or projects • Life cover and savings superfluous to present requirements
• You’ve been made redundant • Your policy might not cover future mortgage repayments • You want to pay off debts • You’re getting divorced • You need capital right now • You want to repay your mortgage • You want to move house • You can’t keep up the payments • You need finance for a major purchase.
Endowment Policy Sales option does not give you any immediate cash payment. If you are in any doubt about whether to surrender or sell the Endowment Policy Sales you should seek financial advice from a qualified financial adviser. Calls may be recorded for training and monitoring purposes. Each policy will have a surrender value. Some companies will offer higher surrender values than others.Unfortunately, unit linked policies cannot be traded at the Endowment Policy Sales time, as there are no investors who wish to purchase these types of policies. Endowment selling criteria Endowment selling FAQs Handy tips for selling your endowment. Our highly trained staff will immediately be able to advise whether we can purchase your endowment and can answer any questions you may have. Please read our selling endowment questions section for further information about what happens after we agree to purchase your policy. There are various factors than determine whether we can buy your policy. Endowm
