Halifax Endowment

Halifax Endowment

If you have a Halifax endowment and you are thinking of surrendering it - think again, because you could get more for it if you sell it.

If you decide to surrender your Halifax endowment policy before the full term is up, there will usually be penalties imposed by the insurer of the policy, which will lead to you getting less than full market value and sometimes significantly less; but, selling it on to a third party could allow you to find a far better deal.

Investors may be willing to buy your Halifax endowment policy from you due to the fact that endowment policies have features that are attractive to long term investors. We work with leading endowment buyers and in many cases, people with endowments, including Halifax endowment polices, have made more by selling their polices on and not accepting the surrender value offered to them.

You should remember that not all endowments are suitable for selling on the second hand market; generally only traditional with profit policies that are at least five years old. You should also keep in mind that if you do sell your Halifax endowment, you will no longer have the life insurance that it provided.