Selling endowments is usually attributed to a change in circumstances such as redundancy, divorce, a change in mortgage arrangements or more recently a disappointing maturity projection by the issuing life office. It is important for anybody thinking about selling endowments to consider all options.

These are:

1.Surrendering the endowment policy direct to the issuing life office.

2. Borrowing against the endowment policy, either from the issuing life office or from a bank using the endowment policy as security.

3. Making the endowment policy 'paid up' which means no further premiums are payable on the endowment policy, but reduced benefits will be received on death or maturity.

4. Selling endowments on the second-hand market.