Provincial Life Endowment

Provincial Life Endowment

You could get up to 45 per cent more for your Provincial Life endowment if you sell it on rather than surrender it back to the insurance company. There is actually quite a healthy secondhand endowment market; endowment policies can be attractive propositions for investment companies who will hold a portfolio of With Profits Endowments due to the fact that they provide a partially-assured rate of growth within a relatively low risk investment strategy. So you might want to consider selling to see if you can get more than by surrendering.

It is important to keep in mind that not all endowments are suitable for selling on the second hand market and that if you do sell your Provincial Life endowment, you will no longer have the life cover that it included, so you may want to look at alternative life insurance products.