Surrender Endowment Policy
 

Surrender Endowment Policy Options

 

Endowment Trade has relationships with a large number of institutional funds meaning that when you want to surrender endowment policy, Endowment Trade can offer you its best price first time.

Endowment Trade offers a hassle free service for those considering surrender endowment policy and we employ an independent legal firm of solicitors to undertake legal checks at no cost to the seller.

The popular endowment policies for surrender endowment policy are endowment policies with a minimum surrender value of £2,500 that have been running for at least 5 years.

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 Surrender Endowment Policy Information

 

If you are considering the opportunity to surrender endowment policy you can achieve up to 40% more through Endowment Trade.

In 2007 research undertaken by Endowment Trade shows that policyholders who were interested in surrender their endowment policy totalled 80,000 and over £1.2 billion was sold rather than surrendered.

Many endowment policy holders consider sale rather than surrender because as long as the endowment policy is owned by the original mortgage holder all the extra cash is tax free so if you are considering to surrender endowment policy look no further than Endowment Trade.
 

Surrender Endowment Policy Free Valuation

  

There are several reasons why an endowment policy holder may consider to surrender the endowment policy and these include poor performance, divorce, a need to raise capital or simply that the endowment is no longer needed. In every case 100’s of customers make Endowment Trade there number 1 choice when it comes to surrender endowment policy.

When it come to surrenderi the endowment policy, Endowment Trade makes committed offers which will be sent normally within 4 working days if we can beat surrender value.

When considering surrender endowment policy, Endowment Trade is regulated to buy endowment policies in its own name meaning that you will not be left waiting for a buyer as Endowment Trade only makes committed offers.

Remember when you are considering a surrender of your endowment policy, Endowment Trade offers a free service. Our staff are professionals trained in dealing with your policy valuation in confidence and without obligation. Call 0208 8714290
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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