Selling Endowments

• Selling Endowments is generally a better proposition than surrender because of the difference in price between the surrender value and the value of the policy in the market.
• Over £7bn policies were surrendered last year. Of these about £3.3bn are with-profits endowment policies, approximately 1/3 of which could be sold for more than the surrender value.
• Endowments that cannot be sold either have not run for long enough or the market price is too close to the surrender value to make selling worthwhile.
• The average increase policyholders can expect if they sell is 15%. That works out at £1,500 extra on an average policy value of £10,000. Some sellers can gain up to 30% more.

If it is your intention to surrender your endowment policy because of mortgage change, divorce, or just to raise cash without taking a loan, you may be able to sell your policy for more than the insurance company will give you.

Only you, however, can ultimately decide whether you wish to sell your endowment policy