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Endowment Policy Selling Options |
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 Surrendering the endowment policy direct to the issuing life office, often at a disappointing price or less than the total premiums paid into the policy.
Making the endowment policy "paid up" which means no further premiums are payable on the endowment policy, but reduced benefits will be received on death or claim stage. This would be unlikely to offer any immediate cash benefit.
Borrowing against the endowment policy, either from the issuing life office or from a bank, using the policy as security, but usually as a percentage of the endowment surrender value and at a rate of interest which may be higher than the growth of the endowment policy.
Selling the endowment policy to an market maker company such as EndowmentTrade. By asking EndowmentTrade for a free no obligation quote, the policyholder could realise up to 40% more than the surrender value.
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Types of Endowment Policies? |
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In general suitable policies are traditional 'With Profits' and 'Whole of Life' policies which have run for at least 7 years and have a minimum surrender value of £2000.
Is Endowment Policy Selling easy via EndowmentTrade?
Yes, the Endowment Policy selling process is simple. We need the following complete information in order to value a endowment policy:
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Issuing life office
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Life assured, and the endowment policy number
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Current surrender value, and the date it was obtained
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Start date
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Maturity date
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'With Profits' or Basic Sum Assured
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Amount of gross premium, and its frequency e.g. monthly, quarterly, semi-annual, annual
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Total accrued bonuses, and current bonus declaration date
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Confirmation that the traded endowment policy has not been altered since its inception or if amended, full details
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Free Endowment Policy Valuation |
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EndowmentTrade is able to offer you a free and no obligation evaluation on your endowment policy by clicking the " Free Quote " button below. EndowmentTrade undertakes to all prospective clients the following:
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