Ecclesiastical Endowment
Ecclesiastical Endowment
If you have an Ecclesiastical endowment that you want to be rid of, there are two main options – surrendering it back to the insurance company, or selling it on.
Surrendering your Ecclesiastical endowment is an easy option, but it is not necessarily the best idea, because, surrender values tend to be pretty poor and you could end up with a shortfall. 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. If you sell your Ecclesiastical endowment policy, you could find that you get a lot more than you would if you have surrendered it - up to 45% in some cases. If you do sell though, you will no longer be covered by the life insurance it provided, so you may want to look at alternatives – our life insurance comparison service can help you there.
We have an endowment selling service, and can help you find out how much you could get for your Ecclesiastical endowment. All you need to do is:
- Get your Ecclesiastical endowment policy details ready
- Enter these details (things like policy number and type, sum assured, surrender value offered) into our online form
Within 48 hours, an endowment specialist will be in touch to let you know whether or not they can make you an offer for your Ecclesiastical endowment policy. If they can, you will receive a letter confirming the quote.
There is no obligation, so you have nothing to lose!
If, on the other hand, you think you may have been missold your Ecclesiastical endowment i.e., the risks of endowment were not fully explained to you when you took out the policy – you could have grounds to make an endowment complaint. We have a complaint service too – just fill in the form to find out if you have a case.