Refuge Endowment

Refuge Endowment

If you have a Refuge endowment that you want to get rid of, instead of just surrendering it back to the insurance company - which is now United Friendly - why not look into selling it?

Although not all endowments are suitable for selling on the second hand market, and it will generally only be those traditional with profit policies that are at least five years old that are saleable, you could find that you get more for selling your Refuge endowment than you would for surrendering it.

You should keep in mind though, that if you do decide to sell your Refuge endowment policy, you will no longer have the life cover that it provided, so you may want to look into alterative life insurance products to insure you still have the same level of cover.

Alternatively, you may feel that you were a victim of endowment misselling: if you feel the risks were not fully explained to you when you took out your Refuge endowment policy, you could be eligible to make an endowment complaint.