Surrendering Endownments

Surrendering or selling endowment policies can provide a sensible solution to debt problems but this requires serious consideration. The age of an endowment will determine its value. Generally speaking the closer a policy is to maturity the more valuable it becomes. It pays to ask around, selling an endowment can realise up to 30% more than cashing it in with the policy issuer. However, it is likely that companies who buy policies would expect the policy in question to be nearing the end of it's term.

If you are unsure whether surrendering your endowments is the best way to solve your debt problems, then why not get a second opinion. Fill in our Budget Planner, we will assess your situation and recommend the best course of action for you to become debt free.