cashing in or sell your endowment policy for more than the surrender value
endowment policy buyers



sell endowment policies to endowment policy traders




If you are considering cashing in  or surrendering your endowment policy, you should seriously look at the option of selling the endowment on the second hand traded endowment policy market  (TEP) . By clicking the link I want to sell my endowment policyon the left, or the banner below, you can send your endowment policy details for the buyers to evaluate. Historically the endowment life assurance companies only gave you a surrender value of their own calculation if you contacted them about cashing in the endowment policy early. However the UK Government financial watchdog has made it compulsory, through regulation, to force endowment companies to make you aware of the alternative to cashing in early and selling the endowment policy to market makers, also known as endowment traders. The reasoning behind this being that in a lot of cases more money can be returned to the policyholder by selling to a trader rather than simply cashing in the endowment policies early back to the life office.
Selling endowments has become an accepted and profitable alternative to cashing the endowment policy early, and the number of policy holders actively engaged in the selling endowment process is on the increase. Depending on how long the endowment policy has been running, a significant increase over and above its cash in value can be achieved by selling to the endowment traders.

Once you have sent your endowment policy details it will then be assessed, and if tradable an offer will be notified back to you .Selling endowments is not complicated, and you could get more money for selling your endowments than surrendering early or cashing in.

It is important that the latest up to date endowment surrender value is obtained from your life assurance office, before filling in the endowment selling form.



Endowment Policies That Sell

In order to stand the best possible chance of selling your endowment please take note of the points below:

  • Your endowment policy should be at least 5 years old.
  • The endowment must be 100% "With Profits" -  unitised and unit linked policies are not saleable.
  • The latest up-to-date surrender value must be at least £3000
  • All the required information on the endowment selling form has been supplied by you.
"If you have a with-profits endowment policy, you may be able to sell it on the second-hand endowment market.
If you’ve been paying in for at least seven years, you’ll probably earn more if you sell a with-profits policy rather than cashing it in."


Extracts From Government Publications


CP 106 "The Personal Investment Authority (PIA) issue guidance (Regulatory Update 85) in March 2001, asking provider firms to take steps to ensure that policyholders who were considering the surrender of a life policy were informed that they might be able to trade their policy instead."

COB 6.5.50R(5) "requires a firm to ensure that the policyholder is made aware of the existence of the secondary market and how he might access it."






Frequently asked question about selling endowment policies to endowment traders

cashing in an endowment policy early


endowment selling checklist Print the endowment selling checklist to ensure you have all the details needed
endowment surrender value required before selling endowments Contact your endowment policy life office to get the up-to-date surrender value. Very important - no more than 5 days old
selling endowments form to send to the endowment traders Fill in the endowment selling form and submit your endowment policy sales details
await an offer for selling endowments Await a response to see if your endowment policy has received an offer



Because many life assurance companies and organisations have merged with others and changed their brand names, here is a list that represents a cross section of the most common endowment policies today by name AEGON, Aviva, AXA Equity and Law, Britannic Assurance Plc, Canada Life Ltd, Clerical Medical and General, Colonial Mutual Life Assurance Society, Commercial Union Life Assurance Company Limited, Cooperative Insurance Services, Ecclesiastical Insurance Office Plc, FP Life Assurance Ltd, Friends Life, Friends Provident, General Accident Compound, Guardian Assurance Plc, Legal and General Assurance Society Limited, Liverpool Victoria Friendly Society, LV=, London and Manchester Assurance Company Limited, Manufacturers Life Assurance, Marine and General Mutual Life Assurance Society, Medical Sickness Annuity and Life Assurance Society Limited, MGM Advantage, National Farmers Union, National Mutual Life Assurance Society, National and Provincial, Norwich Union Life Insurance Society, Phoenix Life, Prudential Assurance Company, ReAssure, Refuge Assurance Plc, Reliance Mutual Insurance Society Limited, Royal Life Assurance Ltd, Royal London Mutual Insurance, Royal Liver Friendly Society, Royal National Pension Fund for Nurses, Santander, Scottish Amicable Life Assurance Society, Scottish Equitable Life Assurance Society, Scottish Life (Royal London), Scottish Mutual Assurance Society, Scottish Provident, Scottish Widows, Royal Sun Alliance Phoenix, Sun Life Society, Swiss Life, Teachers Assurance, The Children's Mutual, Tunbridge Wells Equitable Friendly Society, United Friendly, Wesleyan, Windsor Life. Cashing in your endowment early is one option, selling the endowment maybe a better one! sellingendowment


sell endowments


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