1. How do I go about surrendering my endowment policies ?

Simply contact the life assurance office that is named on your endowment policy paperwork and ask them for a surrender value, then if happy to proceed, ask for the paperwork to complete the next step. However, you may get more for selling the endowment policies instead of surrendering them. Surrendering endowment policies will return to you the surrender value of the policy as decided by the life assurance office, but an open market valuation of the policy can give you access to a bigger cash return by selling to traders. Try the link on the left to get your endowment policies valued.

2. If I am surrendering my endowment policies, who will be buying them ?

Secondhand endowment policy traders specialise in buying up the bulk of the unwanted policies, and they can be bought easily and quickly, by using the valuation form on this web site.

3. What information do I need to supply if I am surrendering my endowment policies ?

All the information will be already held by the life office that issued the policy, but if you want to know what you may get by selling instead of surrendering, then go to the valuation form (link on the left menu) and all the questions, with help notes, are clearly stated.

4. When will my policy be valued if I surrender my endowment policies ?

Normally within 48 hours, although there has been a surge of activity as people become aware that selling endowment policies can be more profitable then surrendering endowment policies, so it might take a little longer.

5. Where can I find all the information to help me in surrendering my endowment policies ?

All of the information can be found on the original policy schedule, bank statements and a phone call to the endowment policy life office.

6. If I am selling rather than surrendering my endowment policies, who will be the new owners ?

Individuals or institutions that want your endowment policies to balance their investment portfolio. Surrendering endowment policies terminates the policy - it becomes a "dead parrot" policy, whereas selling endowments results in the policy continuing to live, and paying out one day to the new owners.

 

"Selling endowment policies is no more complicated than surrendering endowment policies"