Colonial Mutual Endowment

Colonial Mutual Endowment

If you are looking to get rid of your Colonial Mutual endowment, you were probably thinking of surrendering the policy back to the insurer, but you could get back more if you thought about selling it on. In many cases, people with endowments, including Colonial Mutual endowment polices, have made more by selling their polices and not accepting the surrender value offered to them.

You may wonder why anyone would want to buy your Colonial Mutual endowment policy seeing as you don't want it and the insurance company is offering a fairly low surrender value for it, but, endowment policies can be attractive propositions for investment companies who will hold a portfolio of With Profits Endowments because they provide a partially-assured rate of growth within a relatively low risk investment strategy.

You should be aware that not all endowments are suitable for selling on the second hand market and generally only those traditional with profit policies that are at least five years old will be saleable.