Endowment Selling
If your With Profits Endowments Policy is no longer
wanted, think before surrendering it back to the
life company.
AAP, Absolute
Assigned Policies are the leading buyer of "with
profits" endowment policies. If you provide the
details of your policy to them they can determine
if they are able to make you an offer above your
surrender value and will write to you
direct.
On many policies you
can achieve an offer up to 50% more than the
surrender value. AAP are usually able to make an
offer on endowment policies that are traditional
with profits endowment policies, at least five years old and with a minimum surrender value of
£2000. Why do people
surrender or sell with-profit
policies?
The reasons are
varied but are usually attributed to a change in
circumstances such as redundancy, divorce or a
change in mortgage arrangements. In normal
circumstances, it is best to continue with a
with-profit endowment to maturity, but for various
reasons this often does not happen. It is important
for anybody thinking about encashing a policy to
consider all options. These are:
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