Surrender endowment policies? Consider selling instead

This article from The Guardian (25th August 2001) is about rules stating that life companies should make those interested in the surrender of endowment policies aware of selling. aap is quoted as an expert in this article, claiming that more money can be gained from selling rather than the surrender of endowment policies.

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Don’t surrender endowment policies just yet!

If you’ve already been considering the surrender of endowment policies, be aware that selling exists as an often more attractive option.

People decide to sell or surrender endowment policies for a variety of reasons. Restructuring finances or re-mortgaging, divorce and paying off debts are amongst the most common reasons given.

There are many advantages to selling as opposed to the surrender of endowment policies back to the life company. The surrender values offered by life companies are generally lower than the full market value of endowment policies. Therefore market makers such as aap will often pay more for suitable endowment policies than the life company.

If you have been thinking about the surrender of endowment policies, make sure you contact aap first. You could get up to 35% more cash from selling than by surrendering endowment policies back to the life company.

Back to endowment selling links.