Surrendering Endowment Policy?
Does anyone know of any companies you can surrender your endowment policy to?And if there is a charge for this? Thanks
Hi,you stipulation to think long & hear.There is always companies within the papers wanting to buy endowments. a company call AAP. will buy your endowment policy and you will get abundantly more than if you surrender it.
Which company is the policy with?
You can find a Surrender value by ringing them up, ask for a copy of the policy document if you dont hold it, it will be about lb6. You will have need of the policy document to sell it on to a 3rd shindig.
There are 3rd party company's who buy them but the price is normally not alot more than you giving it back to the company you bought it.
Answers: Before you do such a thing, you'd be better bad talking things through beside a Financial Advisor.
People on InsuranceFreeFAQ.coms aren't going to be able to offer you the information you require - and the sale of such a policy is a specialized business.
Seek proposal.
The best thing is not to 'surrender' your plan which mode that you basically encash it by surrendering your policy document to the insurance company.
You may take a better price by 'trading' your policy - this means finding someone else to verbs with the premiums surrounded by exchange for a price now - this should be greater than the surrender value.
Try Google lower than Traded Endowment policies.