Endowment Publications that have been provided by the FSA (the Governments financial watchdog)

"Money Made Clear"

If you surrender your policy, the life office pays you a surrender value for it. If you trade it in, you sell the policy to a third party (usually via a traded endowment company, sometimes called a market maker). The new owner takes over the policy and pays the premiums but the assurance remains on the life of the original policyholder (you). So when it matures or if the original policyholder dies, the new owner gets the money. Depending on how long the policy has been running, you may get more money trading it in rather than surrendering it.
 

"Consultation Paper 106"

 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.

 

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