click here for selling endowments and have the endowment value assessed
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This endowment selling web site enables anyone considering selling
endowments a quick, and easy, way to determine if their endowments
have a better second hand value through selling the endowment than the surrender value offered
by the issuing life office.
It is now mandatory for life offices to inform endowment policy holders that there is a very real chance of gaining extra money by selling endowments, instead of surrendering them. Although the selling endowments opportunity has always been there, the life offices have declined to tell the policy holders of this, critics believe because of the profits they will lose . In order to determine
if an endowment policy is worth selling, the first thing to look at is
the type of endowment. Only "with profits" endowments have a second
hand value and are considered by the endowment buyers. Unit linked endowments are not bought by the policy
traders, so it would be a waste of time filling in the selling
endowment form if your policies are unit linked.
Holders of with
profits endowments need only to look at their endowment statements
that come each year to determine if their endowment is unit linked or
with profits. Unit linked endowment policies have the word "units" on
the statement along with the name of the fund that the units are
invested in.
With profits endowment
holders have the words "reversionary bonus" and total bonuses to date"
on their statements.
So, if you are
considering selling your endowments as an alternative to surrendering
them, first check that your endowments are of the with profits type.
Then, if they are, you may want to consider filling in the selling
endowments form to see if a buyer will be interested.
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Selling endowments for more than the surrender value to traded endowment buyers
Selling endowments the quick and easy way
Selling endowments for profit