Norwich Union with profits endowment policies were sold over the years as investment vehicles for paying off endowment based mortgages. However, mortgages that were endowment based are increasingly being changed to repayment mortgages, and the homeowners are either keeping the Norwich Union endowment policies as personal savings plans or are surrendering the policies back.

However, surrendering endowment policies is very much a last resort, as they are meant to be long term investment products which have valuable life assurance cover attached to them. Although replacement life cover can be easily obtained simply surrendering the endowment policies back to the issuing life office might be regretted if later on the policy holder realises the extra cash they could have got by selling the policies instead to second hand endowment policy traders.

Norwich Union with profits endowment policies have been bought by the policy traders and many policy holders have enjoyed better returns than simply surrendering the endowment policies for the surrender value offered by the life company

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