Selling an endowment is an excellent alternative to surrender

Alissa Ben — Thu, 01 Nov 2007 09:37:26 +0000

Did you know that the endowment resale industry has grown massively in the past decade or so? Buying an endowment policy means high-value investment opportunity for anyone seeking high return on their money (the buyer) and for anyone who wants to raise cash by parting with an endowment (the seller) it means a much higher return than simply surrendering it to the life office concerned, making it paid up or borrowing against it.

To sell an endowment is a win-win situation for both the buyer and the seller. The only other element left in the equation is to find all the information you require about traded endowment policies and this you can easily do by taking a look at a reputable online endowment trading company that can offer online quotes.

Online firms such as Best Price Endowment specialize in UK traded endowment policy. They buy policies directly from the public as well as from IFAs. Their toll free number in UK is 08701 287 333. You are able to obtain a quote online or by telephoning them. They deal in endowments from all the reputable insurance companies: Standard Life, Norwich Union, Axa, Prudential and CIS.

You should bear in mind that endowments which are due to mature in 2022 and 2023 are highly in demand, so much so that you can demand a premium for them. The whole endowment sale versus surrender option is something you should seriously investigate if you want to raise cash in a hurry for any purpose (holiday, education, emergency) because you can get as much as 40% more by selling your endowment policy than surrendering it., making it paid up (meaning no further premiums are payable on the policy but reduced benefits will be received at maturity or on death) or borrowing against the policy.

You can benefit from selling an endowment policy

Alissa Ben — Wed, 24 Oct 2007 10:02:20 +0000

Selling endowment policies when you are in need of money and you don’t want simply to surrender the policies can be a profitable exercise. If you need ready cash and you opt to use your endowment policy, investigate how to sell an endowment policy rather than merely surrendering it to the insurance company concerned.

It could be that your first move when you found you needed to fund a wedding, a divorce, a journey, or even your accumulated debt was to consider the endowment surrender route. That is understandable, but do please hesitate, take a deep breath and reconsider! Get quotes from endowment buyers first. You could be pleasantly surprised!

There are plenty of case studies to show that the price an endowment policy can fetch on the open market is up to 50% more than its surrender value. That’s right, fifty percent. So you can see it is well worth investigating endowment sales as an excellent alternative to endowment surrender.

Of course you can investigate this further online or you can simply call the UK endowment experts on 08701 287 333 to get a telephonic quote. It couldn’t be easier and it may make all the difference to your finances. As far as endowment policies go, this would have to be my top recommendation. Scour the market for endowment buyers; don’t just blindly cash in your endowment to the insurance company.

Insurance Tips and Resources » Selling endowments

Selling an endowment is an excellent alternative to surrender

You can benefit from selling an endowment policy