Endowments policy

An endowments policy is a mixture of a savings scheme and life insurance. When it was at its most popular in the 1980s, it was often used as a means of mortgage repayment. Many took out an endowments policy hoping to have a large lump sum when it matured which would pay off their mortgage loan.

Many people have since chosen an endowments sale or to surrender in order to cash in their endowments policy before it matures because they need to raise capital.

If you want to cash in your endowment policy and are considering surrendering it, contact aap to see how much you could get by selling your endowments policy instead.

Endowments – policy surrender vs. policy selling

If you are looking to cash in an endowments policy, you usually have two options; surrender or sell.

Endowments policy surrender means cashing in your policy to the issuing Life Company. However, this is seldom the most financially rewarding option. Depending on the size and maturity of your policy, an endowments sale could provide a substantially greater sum, and it’s always worth looking into if you’re considering surrendering your policy.

Find out how much you could get when you sell your endowments policy to aap.

Let's value your policy right now

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:

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.