Frequently asked questions:

Im looking at selling my endowments, is it a wise move - To quote the Financial Services Authority, "Never cash in your policy or stop your payments without taking proper advice. You could lose out if you do."

Do I have to surrender my endowment policy back to the issuing life office - To quote the Financial Services Authority, "If for whatever reason you're thinking of surrendering or cashing your policy in, make sure your endowment company tells you about ALL the options - that includes the option of trading the policy in as well as surrendering it if it has been running for at least five years".

If I decide to go ahead with selling endowments, how much will I get - Firstly it has to be a with profits endowment policy, and secondly, It depends on how long it has been running. The longer the better. As a guide, the endowment market maker (policy buyer) will only buy endowment policies that have been running for at least 5 years and have a surrender value of at least £1,500

If I sell my endowment policy, will I lose the life assurance attached to it - Yes. The new buyer will collect on the life assurance if you die before the maturity date of the policy. You should consider replacing the life assurance by clicking here . You may only need a term assurance, which is about the lowest cost life assurance that you can get, but the life provider can advise on this.

After selling endowments, who pays the monthly premiums - The new owner/buyer.

If I sell my endowment policy will I have to tell my mortgage lender - Yes you should tell the lender, and you should then consider setting up an alternative repayment method. If in doubt take advice from an independent financial adviser.

Is this the only web site where I can sell my endowment - No. However by using this site you will be making contact with the leading uk market maker who arrange these transactions daily and speedily.

I still cant decide whether selling endowments is a good idea or if I or keep them - Take advice from an independent financial adviser.

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