How Do I Sell My Endowment Policy?

Endowment policies are a form of savings plan which incorporate life insurance. Popular throughout the eighties and nineties, many people were sold these endowment policies to run concurrently throughout the term of their interest-only mortgages, as a means of repaying the capital lump sum.

Having subsequently restuctured their mortgage arrangements, many people choose to dispose of their now unwanted endowment policies in order to quickly release extra cash. This can either be through surrendering (cashing in) their endowment policy to the life company which sold it to them, or by selling the policy on via a market maker such as aap. In many cases, selling the endowment policy will realise more cash than surrendering it. This is because the life company will factor in a loss of income for early termination, whereas selling it on means that the new owner will keep the policy running to its full term.

The different types of endowment policies:

With-profit endowments
Low-cost endowments
Whole-of-life policies
Unit-linked policies
Non-profit endowments

With-profits and low cost endowments are typically suitable for sale. aap specialise in trading these endowment policies, and has arranged the sale of billions of pounds worth of endowment policies, helping tens of thousands of policy holders to realise higher cash values for their endowments.

aap does everything possible to make the process of endowment selling as smooth and transparent as possible, taking care of all the legal paperwork free of charge and even contacting the life company on your behalf. So if you’re interested in selling your endowment but want to know more, contact our valuations team on 0845 073 1998 or fill in our on-line form above for a free valuation.