Selling and buying endowment policies
There are many alternative options to surrendering your endowment, including selling it to companies that specialise in buying endowment policies.The biggest company that specialises in buying endowments in the UK is aap. Their marketing director Andy Mossack said: “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. ...
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- Selling and buying endowment policies updated Thu Sep 13 2007 8:08 am CDT
There are many alternative options to surrendering your endowment, including selling it to companies that specialise in buying endowment policies.The biggest company that specialises in buying endowments in the UK is aap. Their marketing director Andy Mossack said: “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.”Selling your endowment to a company such as aap could result in a bigger payout compared to surrendering the policy. That is because the endowment policies are then sold on to large institutional investors, who will generally hold them until they mature.If you are planning on surrendering your endowment, you should be sure to explore all your options, including companies that specialise in buying endowment policies. Successful endowment sellingSelling your endowment can get you more than the surrender value. To get the best offer, you should see what various endowment buyers put forward. That is just what James Cotgrove did, resulting in payout 15% bigger than his surrender value.Mr Cotgrove said: “I contacted a number of companies specialising in buying endowment policies, but only aap came up with a profitable offer. The service I received was fast, friendly and efficient, and I would have no hesitation in recommending them to other people I know who are thinking of doing the same thing.” Why sell your endowment?Many people sell their endowments because circumstances have changed, perhaps due to divorce. You may want to sell it to fund home improvements or restructure your finances.Andy Mossack from aap, the specialist in buying endowments in the UK, said: "At least half the policies sold to us are the result of people restructuring their mortgage."Whatever reason you have for selling your policy, many companies that specialise in buying endowments in the UK will be able to offer a larger payment than the surrender value. This article was written by Scott Andrews on behalf of aap – the UK’s specialist in buying 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.
Thu, 13 Sep 2007 13:08:58 +0100
