In the UK many people paid for an endowment policy when they took out a mortgage in the hope that the policy would pay off their mortgage once it matures. However many people have considered surrendering endowment policies to realise their value.
Surrendering your insurance policy can be done through the company that you originally brought your endowment from. The second option is the secondary market for endowments which is like a second hand market for endowment insurance policy surrender. It means that you have another option that may well be more profitable for you to pursue.
The first thing you need to do is consider, is it worth surrendering endowment policies now. Does it make financial sense to surrender you endowment policy now. Many people in the UK have purchased a Standard life insurance policy and are now wondering what the Standard life endowment surrender values are.
The only way you can get a value for your policy as every one is different is to contact your insurance company and ask for a surrender value. You should also contact a broker for secondary markets and ask them for a value for your particular policy. You can then compare the two values to see which would give you the greatest value.
You should also take into consideration any charges both your insurance provider and the broker for secondary endowment policy markets are likely to charge. Every company and broker will have different fees and charges so you will need to include these in your final decision.