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urbano
Apprentice
Joined: 03 Oct 2007
Posts: 1
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 Posted: 02/26/08 - 08:03 Post subject: |
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| Hello, I have an endownment policy and I recently started considering selling it. I am very disappointed with the amount I receive. My girlfriend thinks that there is no need to cash it, but I’m almost sure that I can get a good price for it on the market. What do you think? Is selling my endownment a good idea or there are other options? |
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jasmine
Apprentice
Joined: 09 Feb 2005
Posts: 1
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| Posted: 03/26/08 - 21:03 Post subject: |
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| The answer to your question depends very much on your circumstances. If you decide to cash in your policy you should ask your insurance company for a surrender value. They are also obliged to inform you that there is also second hand market on which you can sell your policy. Selling your policy might be very lucrative for you and above the surrender value. It is best for you to consult a financial advisor. Once you obtain the surrender value you should contact several companies dealing in second hand policies. There are numerous private market makers who buy and sell endowment policies without going through the auction system. |
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