Medical Sickness Society Endowment

Medical Sickness Society Endowment

If you are thinking of surrendering your Medical Sickness Society endowment back to the insurance company – now the Wesleyan Group – you should think again, because you could get more for it if you sell it on.

The secondhand endowment market has really boomed over recent years because investors (who do not have mortgages to worry about) have started to realise the potential returns they could get on an endowment due to its relatively low risk investment strategy.

Remember though, if you do sell your Medical Sickness Society endowment, you will no longer have the life cover it provided, so you may want to look into alternative life insurance. 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.