selling endowment policy?
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fairycake
Posts: 70 Forumite
This is only a rough idea of things as i have to check out the details on the policy. ok......
we have an endowment which has been running for approx 12 yrs now at £140 pm. So we have paid in approx £20k so far. if we were to surrender the policy either to the ins comp or sell it, what would we get back do you think.
Would we get the money we had paid in. or more or less? this would mean we could pay a chunk off the mortgage and then take out straight life cover and make over payments on the mortgage.
Just a rough guess would be good.
thanks
we have an endowment which has been running for approx 12 yrs now at £140 pm. So we have paid in approx £20k so far. if we were to surrender the policy either to the ins comp or sell it, what would we get back do you think.
Would we get the money we had paid in. or more or less? this would mean we could pay a chunk off the mortgage and then take out straight life cover and make over payments on the mortgage.
Just a rough guess would be good.
thanks
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fairycake wrote:If we were to surrender the policy either to the ins comp or sell it, what would we get back do you think.
You'll have to ring up the insurance company and ask for the surrender value.It's usually available on the phone. After you've got that, you can see if you can get any quotes from buyers via this site:
https://www.tepexchange.co.ukTrying to keep it simple...
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