What is endowment selling, and how can endowment selling benefit me?

Endowment selling is the disposal of an endowment policy by selling it as an alternative to surrendering back to the issuing life office.

The increase in endowment selling is attributable to a number of factors , but all of them have in common the desire to increase the amount of cash generated by selling instead of surrendering.

Endowment selling has taken a major leap forward as a result of the Financial Services Authority mandating the life offices to inform the endowment policy holders of this profitable alternative when enquiries are received regarding surrender values.

The procedure for endowment selling is quite easy, and involves the collection of key data to enter on to the endowment selling form

The potential for extra cash from endowment selling has resulted in endowment selling becoming a very real and popular alternative route to surrendering.

If you have a with profits endowment policy that you are considering surrendering back to the life office it will cost you nothing to see if you can improve on the monetary return by checking out endowment selling as well.

The increase in cash from endowment selling can add up to thousands of pounds - and all for spending a few minutes filling in the endowment selling form.

Endowment selling should only be looked upon as a last resort, but if after taking independent financial you are determined to proceed, then alternative life cover should also be considered to replace the life insurance that will be lost when the endowment has changes hands.

Note: the life assurance will still be in force, however, the new owner of the policy will be the one who collects on it, if the original policy holder dies before the endowment policy matures.

Selling endowments

Selling endowments to one of only six endowment policy traders that are  members of the Association of Policy Market Makers, can be achieved by using the "sell endowment" link at the top of the page, or by clicking here

The information on this web site is intended as "information only" and should not be taken as "advice".

If you are unsure about what to do, if anything, about your endowment policy, you should consider taking advice from an independent financial adviser who is regulated by the Financial Services Authority