Unit based Endowment Tips?

Gooner71_2

Hi all,

I have a Lincoln Unit based endowment which I started in 1995. I'm looking to sell it but most companies seem to stiplulate "with profits" endowments only.

Mine is Unit based.

Does anyone know where I might sell it?

Thanks
Simon

Gooner71_2

When I say unit based, the actual terminology seems to be Unit Linked.

Can anyone advise where I might sell a unit linked endowment?

dunstonh

unit linked endomwents have a daily value and that is why there is no second hand market for them. With profits endowments have a guaranteed sum assured and terminal bonuses which are only paid at their full level on maturity. This means that the person buying the policy from you can make a profit out of it by taking it over at a cheaper value than the current position value.

Unit linked endowments tend to be better than with profits and offer greater potential to hit target and achieve a surplus. This would be reflected in returns on many of the funds, including Lincoln, which would have been in excess of 10% a year for the last 3-4 years.

So, your options are
1 - keep
2 - make paid up
3 - surrender

There is no sell option.