Endowment Selling

Endowment selling is increasing in popularity as the credit crunch bites home in the UK.

What exactly is "endowment selling" ?

Endowment selling is the selling of an endowment to an endowment buyer in exchange for cash. The new owner continues the premiums and collects the money at maturity.

Why endowment selling and not endowment surrender? Endowment surrender is when the endowment is surrendered back to the issuing life office in exchange for the "surrender value." The surrender value can, in many cases, be less than the money paid for endowment selling.

Who gets involved in endowment selling ? anyone who has an endowment to sell, and anyone who wants to invest in them. This can be individuals or large corporate institutions.

Is endowment selling easy ? Yes. All you have to do is enter your details on the endowment selling form and wait for the buyers to get back to you.

Is endowment selling profitable ? It can be, provided you have the kind of endowment policy that is bought.

What kind of endowments get bought when endowment selling ? With profits endowments are bought off the policy holders that get involved in endowment selling, but  not unit linked endowments.

Endowment selling sounds like it might be better then endowment surrender. Is there any evidence to suggest this ? Yes. The Financial Services Authority issued a directive some time ago to the life offices reminding them to tell policy holders, that had contacted them to surrender their endowments, that endowment selling was an option that should be considered.

Selling endowments for more than the surrender value

Selling endowments the quick and easy way

Selling endowments for profit

For endowment selling use the endowment selling form