Endowment Policies can often be sold to a third party for more than the surrender value offered by the insurance company. The Traded Endowment market has evolved over the last twenty years and provides an attractive alternative to policyholders. Traditional With Profit policies are the policies that are most traded while unit linked policies are less attractive.
The Traded Endowment market has evolved because insurance companies have traditionally paid out surrender values that are poor value. The surrender value in many cases will be equal or less than what has been paid into the endowment
to date. The buyer of the endowment will take responsibility for paying the regular premiums on the policy until maturity.
Selling an endowment is straightforward and the sale typically takes 4 to 5 weeks.
For more details call 0208 732 4050 or Click here