Surrender or Sell Endowment ?

Before making any decision whether to surrender or sell endowments or not, it is important to check your policy and to consult an endowment company which will give you the options.

Endowment policy surrender is common in the UK, but nowadays, selling endowments is becoming more popular and means BIG BUSINESS for endowment policy holders. An endowment policy is a type of insurance which insures the mortgage holder will be able to pay off the loan when it comes due.

In the UK, endowment policies where issued in the 70’s and 80’s and were thought to be able to pay off the mortgage loan completely but some policy holders were not able to keep up with monthly premium fees. Thus, leaving them no choice but to surrender them to the issuing insurance companies for ridiculously low prices. Because of this, the UK government passed a legislation to protect the consumers by informing them that they may have higher value with a endowment policy selling service. This kind of service may help them find the right buyer for their endowment policy and may help them get more for their policy.