Surrendering Endowment Policy?

Question

Does anyone know of any companies you can surrender your endowment policy to?And if there is a fee for this? Thanks

Answer 1

Which company is the policy with?

You can get a Surrender value by ringing them up, ask for a copy of the policy document if you dont have it, it will be about £6. You will need the policy document to sell it on to a 3rd party.

There are 3rd party company's who buy them but the price is often not alot more than you giving it back to the company you bought it.

Answer 2

Hi,you need to think long & heard.There is always companies in the papers wanting to buy endowments.

Answer 3

a company called AAP. will buy your endowment policy and you will get a lot more than if you surrender it.

Answer 4

The best thing is not to 'surrender' your plan which means that you basically encash it by surrendering your policy document to the insurance company.

You may get a better price by 'trading' your policy - this means finding someone else to continue with the premiums in exchange for a price now - this should be higher than the surrender value.

Try Google under Traded Endowment policies.

Answer 5

Before you do such a thing, you'd be better off talking things through with a Financial Advisor.

People on Yahoo! Answers aren't going to be able to give you the information you require - and the sale of such a policy is a specialized business.

Seek advice.