Endowment Policy Types that sell:

"Where can I sell my endowment policy" is a question often asked by the endowment policy holder that has been informed that the endowment is not performing as expected.

 Click Here to open up the "selling endowment" valuation form

Endowment policies that are selling are the "with profits" type of endowment that have been running for quite a number of years, with all endowment premiums paid to date.

Endowment policies that currently do not attract the buyers are those endowments that are "unit linked"

How can you tell what kind of endowment policy you have got?

Look at your latest or any historical endowment policy statement that was sent to you by the endowment provider. You can also look at the original endowment policy schedule if you can locate it.

Somewhere in amongst all the jargon will be words that will identify which type of endowment policy you have. These words relate to the type of investment your premiums went in to, and will relate to either a "with profits endowment" (good if you want to sell it on the endowment market) or a "unit linked endowment" (not good for selling on, as no buyers are interested).

The "with profits" words to look out for

• With Profits
• Bonuses
• Bonus
• Annual Bonus
• Reversionary Bonus
• Attached Bonuses
• Latest Bonus

The "unit linked" words to look out for:

• Unit Linked
• Managed Fund
• Bid Price
• Offer Price

When you look at  the endowment policy statement, if it uses words from the first group above, then you can be pretty sure it is a "with profits" endowment, and therefore may attract a buyer who will pay "over the odds" compared with what the original life assurance office will offer you as a "surrender value" or "cash in value". You can use the valuation form link above to see if there is a buyer out there that is interested.

If, on the other hand, your statement uses the words from the second list, it is sure to be a "unit linked" policy, and unfortunately theses types of policies are not attractive to the second hand endowment policy buyers.

The reason is mainly because "with profits" endowment policies have a "Terminal Bonus" attached to them at the maturation of the endowment policy, and this can lift the final value considerably, whereas the "unit linked" endowment policies do not.

Below is a list of endowment policies that have been traded in the past, and still arouse interest among the secondhand endowment policy buyers:

• Axa Equity & Law
• Axa Sun Life
• Britannia Life
• Britannic Assurance
• Century Life (NEL Britannia)
• Clerical Medical,
• Colonial Mutual,
• Commercial Union,
• Co-operative,
• Crusader Insurance,
• Eagle Star,
• Ecclesiastical Insurance Group,
• Friends Provident,
• General Accident,
• Guardian Financial,
• Imperial Life (now Lincoln),
• Irish Life,
• Legal & General,
• Life Association of Scotland,
• Liverpool Victoria,
• London & Manchester,
• London Life, MGM,
• National Farmers Union Mutual,
• National Mutual Life,
• National Mutual Life of Australasia,
• National Provident Institution,
• Norwich Union,
• Pearl Assurance,
• Phoenix Assurance,
• Provident Life,
• Provident Mutual,
• Provincial Life,
• Prudential,
• Refuge Assurance,
• Royal Life,
• Royal Liver,
• Royal London,
• Royal National Pension Fund For Nurses,
• Scottish Amicable,
• Scottish Equitable,
• Scottish Friendly,
• Scottish Life,
• Scottish Mutual,
• Scottish Provident,
• Scottish Widows,
• Standard Life,
• Sun Alliance,
• Sun Life Of Canada,
• Swiss Life,
• Teachers Provident,
• Tunbridge Wells (now Childrens Mutual),
•  UK Provident,
• United Friendly,
• Wesleyan Assurance,
• Windsor Life (Gresham)

 

The information on this web site is intended as "information only" and should not be taken as "advice".
If you are unsure about what to do, if anything, about your endowment policy, you should consider taking advice from an independent financial adviser who is regulated by the Financial Services Authority
 

Selling endowments is the place to sell your endowment policies