Endowment sale

An endowment sale is the term given to the selling of a policy, as opposed to surrendering it back to the issuing Life Company. When faced with a policy that is no longer needed for financial or other reasons, many people are unaware of the possibility of an endowment sale.

An Endowment sale is frequently the most attractive option in comparison to surrendering it back to the Life Company. For example, with an endowment sale, it is possible you could receive up to 35% more than you’d get from surrendering it. An endowment sale allows you to receive more for your policy and spend the extra cash on whatever you want.

Endowment sale – how to sell

When it comes to an endowment sale, aap takes into account certain factors to determine if the policy is suitable to buy. For example, an endowment sale will hinge on criteria including:

  • The providing Life Company.
  • The length of time a policy has been in force.
  • The surrender value (£1500 or more).

For an endowment sale to go through, it should be a with-profits policy that started in the year 2000 or earlier. An endowment sale through aap is guaranteed to provide a greater return on a policy than surrendering it back to the Life Company.

For more information on what you’ll need to provide in order to complete an endowment sale, click here.

endowment questions?

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To find out if your policy is suitable for sale, please follow the steps below:
1: Please select the relevant life company:
*
This is the life office that you took your policy out with originally. Many life companies have merged in recent times, so please check your policy document to verify you have entered the correct name.
2: Please enter the year your policy started:
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This is the start date of the policy. Also known as the effective date. Normally the date your first premium was due to be paid.