Selling an endowment without the original policy.

tonybee90

Hi,

Can anyone help me?

I've got an endowment policy with Phoenix ,which I took out in 1988 and would now like to cash in. I've been in touch with a couple of potential purchasers who are offering £1700 to £2000 more than the surrender value. Unfortunately I've only ever had a copy policy, not the original and both purchasers have said they won't proceed without a replacement policy.

Phoenix say they don't issue replacement policies and, to make matters worse, their quote says that I need the original policy document even just to surrender the policy back them. So, it seems as though I could be stuck with the policy until maturity - which, in this case, is akin to throwing all the future premiums down a mineshaft.

Has anyone come across this before? Is there a way round it?

Regards

Tony.