Traded Endowment

A traded endowment is essentially a second-hand policy, becoming thus when a policy holder sells their endowment to a third party, with complete assignment of all future benefits. In recent years, the market for traded endowments has grown immensely.

There are many reasons why people opt to trade their endowment policies, including:

• Raising capital
• Changing mortgage arrangements
• Being made redundant
• Going through divorce
• Disappointment with maturity projections

When your endowment policy becomes surplus to your requirements, we'll potentially help you raise a higher capital than the surrender value of your endowment policy.

It’s important to be aware that if you trade your existing policy, you will lose any protection benefits it contains, including life insurance and critical illness cover. If the issuing company is a mutual organisation, you will also lose out on any possible demutualisation benefits if the organisation was to demutualise. Still, trading your endowment can lead to greater benefits, depending on your situation.

Whilst you can just surrender your endowment policy to the issuing life office, you may also be able to sell your endowment policy for a higher figure. Either way, with our specialist knowledge and expertise around traded endowment policies, we'll find you the most appropriate outcome for your circumstances.

Ready to talk about your financial choices?

Contact us today for your initial consultation at our expense or find out more about how we can provide you with specialist guidance and advice that covers Savings and Investments, Pensions, Mortgages and Protection as well as a range of Additional Financial Services in Newbury.