Endowment Surrender Value
 

Endowment Surrender Value Options

 

Accept the endowment surrender value from the issuing company and you may miss out on the extra cash that you can get by selling the policy instead, which will normally increase your endowment value, Endowment Trade are here to help.

Thinking of how to get a better endowment surrender value? No longer wish to continue making payments on your endowment policy? Well it might be worthwhile considering selling it the value could be much higher.

With many policies you can retrieve up to forty percent more than the endowment surrender value. Endowment trade is a totally independent regulated financial adviser specialising in achieving more than the surrender value for your policies.

Trading your endowment is an alternative to accepting the endowment surrender value, by Selling the policy to an intermediary such as Endowment Trade the policyholder could realise up to 40% more than the surrender value, but the age of the endowment policy and the life company that issued it play a big part in determining it's second hand value.

1) Why should I surrender my endowment policy with EndowmentTrade?
EndowmentTrade has been a market leading supplier of endowment policies to institutional clients since its launch in 2001 and is able to make you the best possible surrender price for your endowment policy. For some traded endowment policies this could be as much as 40% over the surrender value of the endowment policy.

2) Why do endowment policy holders surrender in their endowment early?
Surrendering an endowment can be as a result of divorce or the need to raise cash for other expenditure purposes.

3) Why may policy holders get more cash if they surrender their endowment policy to EndowmentTrade rather than surrender their endowment policy with the life office?
Life offices charges may be deducted from the surrender value with the life office of the endowment policy thereby not reflecting its true cash market value

4) Will the EndowmentTrade surrender price may be a committed surrender offer or a valuation only?
EndowmentTrade only makes committed surrender offers and we are regulated by the FSA to buy endowment policies as principal.

5) Is any tax payable on the cash amount received for surrendering my endowment policy?
No, provided the endowment policy was taken out to repay a mortgage endowment and not made as an investment all cash received in surrendering the endowment policy with EndowmentTrade is tax free.

6) Are there any fees or hidden costs to be deducted for the cash offer you make for surrendering endowment policies with EndowmentTrade?
There are no hidden or unhidden deductions or fees in the surrendering process

7) How long does it take to get a surrender offer for my endowment policy with EndowmentTrade?
EndowmentTrade will make any surrender offer within 5 working days of receiving you completed application.

8) How long does it take to surrender in my endowment policy with EndowmentTrade once I have agreed a surrender cash price?
On average 20 to 25 working days from receipt of complete documentation, subject to clear title from independent law society regulated solicitors the costs of which are covered by us for all endowment policies.

9) Can I surrender my endowment if the original endowment policy document is lost?
Yes, provided the Life Office either confirms that they do not require sight of the original endowment policy document at claim or surrendering stage or they provide a substitute / replacement endowment policy document.

10) Can I surrender my endowment policy for cash with EndowmentTrade if there is a loan secured on my endowment policy?
Yes, provided the lender is either willing to confirm that upon receipt or cash funds to repay their loan they will undertake to provide a letter of no further interest or they provide a letter of no further interest prior to the completion of the endowment surrender.

IMPORTANT NOTICE: PLEASE READ CAREFULLY.

THERE ARE SIX PIECES OF FINANCIAL INFORMATION RELATING TO YOUR POLICY THAT ARE REQUIRED TO BE COMPLETE AND ACCURATE BEFORE WE CAN PROVIDE YOU WITH A VALUATION.
  1. ISSUING LIFE COMPANY NAME AT START DATE. (MANY LIFE COMPANIES HAVE MERGED SINCE).
  2. EXACT START AND END DATE OF THE POLICY.
  3. BASIC SUM ASSURED OR BASIC BENEFIT (NOT DEATH BENEFIT).
  4. ACCRUED BONUSES UP TO 2006 OR 2007.
  5. PREMIUM AMOUNT AND FREQUENCY.
  6. SURRENDER VALUE (WITHIN LAST MONTH).
  • MUCH OF THE FINANCIAL INFORMATION REQUIRED TO COMPLETE THE APPLICATION FORM WILL BE ON YOUR ORIGINAL POLICY DOCUMENT AND YOUR MOST RECENT BONUS STATEMENT.
  • YOU MUST HAVE AN UP TO DATE SURRENDER VALUE WHEN SUBMITTING A POLICY FOR QUOTATION.
  • YOU CAN OBTAIN AN UP TO DATE SURRENDER VALUE BY CONTACTING YOUR LIFE OFFICE EITHER BY TELEPHONE OR LETTER.
  • ANY OTHER FINANCIAL INFORMATION THAT IS INCOMPLETE CAN BE MADE AVAILABLE BY THE LIFE COMPANY BY CONTACTING THEM BY TELEPHONE OR IN WRITING.
  • THE POLICY QUOTATION FORM IS FOR 'WITH PROFITS' POLICIES ONLY. IF THE LIFE COMPANY OFFICE IS NOT ON THE SCROLL DOWN BAR THIS IS BECAUSE THE POLICY IS UNITISED OR UNIT LINKED AND NOT WITH PROFITS AND THEREFORE NOT TRADABLE. PLEASE NOTE THAT YOU CAN TELL IF YOUR POLICY IS UNITISED BY WHETHER THERE IS A REFERENCE TO "NO OF UNITS HELD" ON YOUR ANNUAL STATEMENT.
  • ITEMS MARKED WITH AN ASTERISK (*) ARE MANDATORY.
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More Endowment Surrender Value Information

 

Selling or trading an endowment policy is not complicated, and you could get better value for selling your endowment policy than the current endowment surrender value.

If for what ever reason you're thinking of endowment surrender or cashing your policy to get better value, make sure your endowment company tells you about all the options that includes the option of trading the policy in as well as surrendering it if it has been running for at least five years.

If you decide the endowment surrender value the life office offers you is too low and you are considering trading it instead this is how it works. You sell the policy to a third party usually via a traded endowment company like Endowment Trade, and the new owner takes over the policy and pays the premiums but the assurance remains on the life of the original policyholder.

With endowment surrender value increase alternatives there is no need to spend hours ringing all the 'endowment policy buyers' you see advertising, nor do you need to fill in endless forms on the internet.

Endowment trade are one of the market leaders who will value your endowment policy and make you the best offer above your endowment surrender value. You can then make up your mind whether or to sell or continue and cash in and get the offered endowment surrender value from your life company.

Endowment surrender value to low? Need to sell your endowment policy online? Click here for information on earning up to 40% more than the endowment surrender value.
 

Endowment Surrender Value - Free Valuation

  

EndowmentTrade is able to offer you a free evalution on your endowment policy.

You have nothing to lose by requesting a quote; the difference could be extremely beneficial to you.

Selling your endowment policy instead of accepting the endowment surrender value can earn you money very quickly & efficiently.

Just fill in our online endowment surrender value alternative quotation form and you can be confident that if your endowment policy is potentially tradable that the details will be in front of the main market makers and endowment policy investors immediately.

Your endowment policy will then be assessed, and if tradable, an offer will be notified back to you, usually within 48 hours, and the process of selling the endowment commences.

So if selling your endowment policy now seems more attractive than endowment surrender value ? then Click here for a free valuation or phone (0)208 871 4290.
EndowmentTrade is the online internet division of Oakwood Capital Ltd which is authorised and regulated by the Financial Services Authority. Endowment Trade acts on an execution only basis and does not offer advice as to whether or not you should cash in your traded endowment policy. If in doubt, seek expert financial advice.Address: Endowment Trade, Oakwood Capital Limited, 9 Lydden Road, London, SW18 4LT. Telephone: +44 (0)208 871 4290 Email: enquiries@endowmenttrade.co.uk.
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