Selling your endowment - You'll need life insurance...
Endowment life insurance is like a savings scheme that comes with life insurance attached. You make regular payments into the policy, and then it will pay out a lump sum either at the end of the policy or if you die during the term of the plan. Endowment life insurance is often linked to an interest-only mortgage, so that, providing the sum assured is sufficient, if you die during the term of your mortgage, your mortgage is guaranteed to be paid off. However, many people have found that the policy has:
- Not grown enough over its term, or
- It will not grow enough by the end of its term, to cover the outstanding mortgage debt and they have been left to foot the remaining bill, which could be tens of thousands of pounds.
Remember, if you do sell or surrender your endowment life insurance policy, you will no longer have life cover and will need to find alternative insurance. Our service can help you with that. All you need to do is click on the link to fill in one simple form and our life insurance partner will do the rest:
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So, for FREE quotes on life insurance policies available to you, use our life insurance service - it is no obligation, so what have you got to lose?