Selling endowments is now big business in the UK and there is a massive second hand market for such endowment policies. If you cash in early before it matures you can end up with a lot less than if you had let it run for it's for natural term.
The crux is that do you really want to continue paying premiums into an underperforming endowment that is not going to realise its value when it matures. Continuing to pay your premiums can seem like throwing money down the drain.
You could surrender the policy back to the company you originally got the endowment policy from. If you cash in your policy in this way you usually stand to get a lot less back than you have paid in so far in premiums.
Selling your endowment to a third party on the open market for second hand policies can get you a higher price than you would get from surrendering your policy. Buyers for endowments have different requirements and so you would need to apply to one of the many online brokers who can find a buyer for your policy.
Online brokers act as a middle man between sellers and buyers. As a seller you provide information about your particular endowment policy by filling in an online form. Your details can then be matched with potential buyers who will be willing to pay cash in exchange for your policy. Using this system will usually get you a better price, sometime a third higher than if you had surrendered your endowment.
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