Cash in or Sell Endowment Policy?

chorsfie

Hi

I was wondering if anyone else had sold an endowment policy rather than just cash it in.

I wasn't aware of any short projections from the company Countrywide Assured (originally Humbro Assured) that sold me my policy. I have had my letter back from the Ombudsman saying I've left it too late to claim compo. I actually changed my mortgage to a repayment so I no longer relied on the policy. I tried to cash it in at the same time even though it was worth less than half I'd actually paid in. At the time they advised me to maintain the policy with a minimum monthly payment until it reach about 10 years old where it should recover to at least what I'd paid in. Its now 11 years old and I've just asked for the paperwork to cash it in again, its recovered a little but not much so yet more misleading information.

I've come to the conclusion that compensation just won't happen for me so I just want rid so it doesn't lose anymore. Is there is any advantage of selling it on instead of cashing it in? That sounds like another option but I just don't know where to start.

Craig