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selling endowment frequently asked questions
What is an endowment policy?
An endowment policy is a regular savings or investment plan with life assurance combined in to the policy, which means that if the policy holder dies before the policy reaches maturity, the endowment policy life assurance company pays out the life assurance amount.
Very often linked to a mortgage, a mortgage endowment policy, once popular, are now often looked upon as a way that salesmen can make large commissions.
A unit linked endowment policy has it's monthly premiums invested in to units, the value of which can go up or down depending on investment performance.
In a time of rising share prices and strong economic growth, the value of the policy increases also, however, when the markets decline so does the value of the endowment policy.
A traditional with-profits endowment policy, however, invests in a "with profits fund" and has a guarantee that the value of the policy cannot fall.
It also means that spectacular rises and falls in policy value, which
can occur in individual high risk unit linked funds, do not occur in
with profits endowment policies.
Selling endowments to one of only six endowment policy traders that are members of the Association of Policy Market Makers, instead of cashing in endowments early, can be achieved by using the "sell endowment" link at the top of the page, or by clicking here
The information on this web site is intended as "information only" and should not be taken as "advice".
If you are unsure about what to do, if anything, about your endowment policy, you should consider taking advice from an independent financial adviser who is regulated by the Financial Services Authority