Endowment Policies: Worth The Paper They Are Written On?
Sell endowment policies! – the headlines read all across Britian – but is that the right answer for investors facing a short-fall in their endowment policies surrender value and the size of their mortgages?
The answer is complex and you need to seek advice. Endowment policies do have value and there is a strong secondary market dedicated to the buying and selling of second hand policies. This can be good news because the brokers will often pay significantly more for your endowment policy than the surrender value that your bank will put on your policy.
So don’t panic and burn your endowment policy yet. Contact you institution and a professional broker and /or mortgage advisor – whether you should sell yoru endowment before maturity is a big question and not a decision to be taken in haste.