I have an endowment policy which I hv paid 169 per month since august 1995. It was set up to return 112K.

by , 2 May 2012

How much cd I sell it for? JP

Answers

add your answer here

Hi Jsp and welcome to the forum.

Are you asking about selling the policy through a commercial endowment buying company or ar you asking about selling it 'on the open market'? Firstly, you need to confirm that the policy is a 'with profits' contract and then I suggest you contact the companies listed in the comparison table for quotations to purchase. It seems that the values offered vary somewhat ( some companies quoting up to 40% more than the surrender value ) so you need to get at least three or four quotes. Armed with that information you should have a basis to decide who to sell it for or indeed offer it elsewhere and for what for.

by Snoopy48, 2 May 2012

As Snoopy says, get a quote and that will give you an idea of the final return. It will be above the best quote you get as these companies will ensure they turn a profit on their investment. Don't forget they want to pick up the terminal bonus as well

by Sealate, 3 May 2012

Posts within the money.co.uk community represent the views, experiences and opinions of members and experts only. They should not be taken as financial advice and should not be followed without further research.

Get our free money saving newsletter
Join over 450,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...