Can I sell endowment policy?
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andria
Apprentice
Joined: 26 May 2004
Posts: 5
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 Posted: 12/06/07 - 06:15 Post subject: |
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| I am interested in selling an endowment policy, but Im not sure can I do that and under what terms. I need certain amount of money and I need it soon, my endowment policy lost its purpose a long time ago. But, I still wouldnt like the idea to get too small repayment, after I held it several years regularly. Whats the best way to sell it and how? |
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abe
Apprentice
Joined: 12 May 2005
Posts: 15
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| Posted: 01/05/08 - 00:49 Post subject: |
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| You can, certainly, sell your endowment policy; only it depends on several conditions. First of all - to who shell you sell it and whats the amount you already paid in order to obtain it. But, most of all, it depends on your insurance company and its conditions. You should know the terms of surrendering your policy because they are in the agreement. Different companies have different percentage for early cashing in; it certainly cant be fully repaid. |
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lilies34
Apprentice
Joined: 08 Jan 2008
Posts: 6
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| Posted: 01/08/08 - 07:05 Post subject: |
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you can sell your endowment policy. endowment selling can net you more money than simply surrendering back the unwanted endowment policy.  |
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