Selling your endowment policy for the best price
An endowment policy is a long term insurance policy where investments are made by the insurer on behalf of the person with the policy over a long period of time. When the term of the insurance policy ends, a lump sum payment is made to either the insured or the successor if the policy holder dies before the term ends.
If you’ve had an endowment policy for a few years, you probably have a lof of money tied up with an insurance company that you may not ever get to use for yourself. What if you need that money early? What if you want to pay off your mortgage or even retire early? Maybe you’ve found a better way of investing and want more control over the way your money is invested.
So if you want to get rid of your endowment policy, who do you sell it to? If you are looking to get out early, how do you find buyers?
When you’re trying to get rid of an insurance policy you need to find someone who knows what they’re doing when it comes to Selling Endowments. The best thing to do is to go through a company who specializes in selling these policies and has access to multiple buyers so that you get the best possible price. Endowment Express is one such company. They will give you a free quote, and promise to get you up to 35% more than your surrender value. Sounds like it might be worth a try.
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Hi thanks for your interesting post. it is worth noting that here in the UK endowment policies were primarily sild as a way of pay mortgages early. However with a lot of them when they matured they didnt cover the cost of the mortgage so a lot of people lost out. In fact many sellers have been taken to court under mis-selling legislation
Comment by snes — February 18, 2008 @ 7:26 am