How can I sell my endowment policy?

The Association of Policy Market Makers (APMM) say that you can, on average, make 10% more if you sell your policy through a market maker (of which there are 6 members - one of which receives the details you send on the form at the above link) rather than surrender it back to the originating life insurance company that sold it to you in the first place.

The link above will take you to a form where you can type in your policy details to see if it is actually a tradable endowment policy.

As a general guide your policy will need to meet several specific criteria. These may vary from company to company, but broadly speaking, you can sell your endowment policy if:

It is a traditional with-profits or whole-of-life with-profits policy.
It was issued by an established life insurance company.
You have held it for at least five years or one third of its full term – whichever is greater.
It has a minimum surrender value of £1,500.

It was issued prior to 1997

You will need a copy of your policy schedule, and the last bonus statement.

You will also need the very latest "surrender value" which many endowment policy companies will give you over the phone.

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Selling endowments

Selling endowments to one of only six endowment policy traders that are members of the Association of Policy Market Makers, 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