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endowment plan

Is now a good time too sell an endowment plan to the second hand policy market, my surrender value looks relatively healthy, can anyone offer an opinion please
thanks - zebwa

Comments

  • dunstonh
    dunstonh Posts: 120,033 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is now a good time too sell an endowment plan to the second hand policy market

    No. Its probably the worst time in the last 3 or 4 years. However, it could get worse before it gets better.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • thanks dunstonh, when i recieved the surrender value it was approx 1k more than i expected so would it be appropriate to just surrender the plan, financially i don`t have much time to "wait and see" so need to act on this quickly. CREDIT CRUNCH, should only be used as a name for a breakfast cereal!!!!!!
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    You can try for a quote here: https://www.apmm.org
    Trying to keep it simple...;)
  • thanks for that will enter details, my insurance company did actually send info leaflet with quote and that particular address is suggested
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