Sell My Endowment

So you think you want to sell your endowment policy? Thats a big step - maybe you should consider your options before you dispose of a policy which you may have had for many, many years. After all most people who have endowments got them in the 1980's where they became particularly popular in the UK because of their tax treatment and, in particular, the high inflation of the time. So much has changed in the intervening decades. Read on too take a look at endowments and decide what are the best options for you, your mortgage and your your endowment policy.


Whether you are going to sell your endowment or not you should make a well-informed decision not a hasty one as this could have big implications for your financial future.
In this article I am going to look at what endowments are all about, what they issues with endowments are in today's markets, your selling options for endowments, and other options if you decide not to sell.

First off lets start at the basics what is an endowment policy? An endowment policy is basically a retirement investment and life insurance policy rolled into one. The general idea was that a home owner took out an interest-only mortgage on their property and this capital was invested in the stock market. The owner made lower repayments than with a regular mortgage because they weren't repaying capital. Instead the stock market returns on their investment was supposed to repay the mortgage at the end of a set number of years - usually 25.

Source