Sell and buy endowment policies
There are many reasons why you may have decided to surrender your endowment, but did you know there are companies that could buy your endowment policy – and offer more than the surrender value? Visit www.aap.co.uk to find out more.Many people choose to cash in their endowment because of a change in circumstances. This can include:Divorce Increased debt Re-mortgaging Restructuring your finances. ...
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- Sell and buy endowment policies updated Wed Sep 12 2007 8:13 am CDT
There are many reasons why you may have decided to surrender your endowment, but did you know there are companies that could buy your endowment policy – and offer more than the surrender value? Visit www.aap.co.uk to find out more.Many people choose to cash in their endowment because of a change in circumstances. This can include:Divorce Increased debt Re-mortgaging Restructuring your finances. These are the four most common reasons people give when they contact a company to buy their endowment policy. Cashing in an endowment policy after divorceIt is very common for divorcing couples to cash in on investments such as endowment policies.This can be to fund the purchase of new houses after the sale of the marital home, in which case you may be looking to get quick and easy access to the highest sum you can.This is where it will help to contact a company that could buy your endowment policy. They will generally be able to offer you more than the surrender value, giving you more choice when it comes to re-entering the property market.Tom Stone, a 57-year-old from Scarborough, sold his endowment policies after his divorce to fund the purchase of a flat. He said: “It was a large Victorian flat, but I didn’t want to start a fresh mortgage at my age. With the money I got from selling my two endowment policies plus a small loan, I could get the flat.” What to do with your endowment policyIf you have decided to cash in your endowment, selling the policy could get you more than the surrender value, although this isn’t the only option available to you.One company that specialises in buying endowment policies is aap. Their chief operating officer Dan Farrow says: “Apart from getting more for their policies by selling through a company like mine, they could make a policy paid-up or could raise a loan against it, either from the life company or from most high street banks.”So if you have decided to cash in your endowment, you should make sure you know all your options before you decide to surrender your policy, sell it or raise a loan against it. This article was written by Scott Andrews on behalf of aap – the UK’s largest buyer of endowment policies. Visit http://www.aap.co.uk to find out how much your policy could be worth. You’ll see aap is the company to buy your endowment policy.
Wed, 12 Sep 2007 13:13:58 +0100
