How do I sell my endowment policy?

If you’ve been asking yourself ‘how do I sell my endowment policy?’ then you can find out all you need to know on selling endowment policies in this section.

Out of everyone who asks aap ‘how do I sell my endowment policy?’, many do not realise that there are a number of deciding factors that must be considered before your policy can be sold. For example:

• The life company
• The length of time a policy has been in force
• The surrender value
• Policy type
• When it was taken out

What info will I need to provide when I sell my endowment policy?

Your policy needs to be a with-profits endowment policy that has been in force for at least seven years, with a surrender value of £1,500 or more. In order to sell your endowment policy with aap, you will need to provide the following information, all of which should be provided by the life company.

• Name of insurance company/life company
• Type of policy (with-profits/unit-linked)
• Policy number
• Start and maturity dates
• Basic sum assured
• Total bonuses declared
• Date to which bonuses are declared
• Current surrender value
• Gross premium payable and premium frequency (i.e. monthly etc)
• Name and address of life (lives) assured

I want to sell my endowment policy with aap.

Why sell my endowment policy with aap?

If you ask yourself ‘why sell my endowment policy with aap?’, there are many reasons. aap can offer up to 35% more than the issuing life company. So if you want to maximise the return on your endowment policy now, sell it through aap instead of surrendering to your life company.