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Cashing in endownment policies

Vital_Guy
Posts: 6 Forumite
I was wondering if any had any information or experience in cashing in or selling their endownment policies.
Are there any companies that offer a fair value and also wondered if the current finacial climate would affect the value of any given policy.
I have two fairly low value policies worth around £5 and £10k around 10 and 15 years into term. I would rather cash these in and invest in something with a better return is this wise and what are the pitfalls?
Are there any companies that offer a fair value and also wondered if the current finacial climate would affect the value of any given policy.
I have two fairly low value policies worth around £5 and £10k around 10 and 15 years into term. I would rather cash these in and invest in something with a better return is this wise and what are the pitfalls?
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Comments
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I have just had a bad experience on selling my endowment via Surrender Link and have ended up worse off than if I'd taken the surrender value originally offered by the Policy provider. So you need to do your homework and I personally wouldn't consider it unless there's a significant additional income to be made from brokering it.0
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