Article Sphere Logo
 

Endowment Surrender: How To Avoid Getting Short-Changed

By Expert Author: Tony Head | Article Abstract
Word Count: 299 words | Views: 222 view(s)
Endowment surrender allows you to reclaim some of the value from your endowment policy by surrendering it back to the insurance company that sold it to you. The amount you receive when you surrender your policy is often significantly less than the actual value of the policy, but if your personal circumstances mean that you have to free up some of the capital you've invested in the endowment policy, you may feel like you have no choice but to accept the reduced amount offered by endowment surrender.

Don't Surrender Your Endowment - Sell It!
Many people who opt for endowment surrender are simply not aware that there are other options available to them. There is now a legal requirement for insurance companies to notify customers that endowment surrender is not the only way to recover value from their policy.

When you sell your endowment you could receive up to 35% more than the endowment surrender value of your policy. Provided your endowment is a sufficiently mature with-profits endowment policy, finding a buyer for your endowment policy is simple.

Endowment Selling Vs. Endowment Surrender
So if you need to convert your endowment policy into cash, make sure you look into selling the policy before you consider endowment surrender. Endowment surrender should always be your last resort - if you want to maximise your return from your policy, it definitely pays to be aware of all your options and look into how to sell your endowment policy. Endowment selling has become increasingly popular in recent years, and you'll find the process is much more straightforward than you might have thought. Some companies will tackle all the legal paperwork for you completely free of charge; they will even talk to the life company on your behalf once you have provided them with a simple signed authorisation.
Tony Head

About the Author/Author Bio

This article was written by Tony Head on behalf of aap. aap is the UK's largest specialist in the buying and selling of endowment policies, and could deliver up to 35% more for your policy than its endowment surrender value.

For more information on how to sell your endowment through aap and to get a free valuation, visit www.aap.co.uk.

Article Source: http://www.articlesphere.com/Article/Endowment-Surrender--How-To-Avoid-Getting-Short-Changed/74753

Article Submitted: 2007-02-26 | This Article has been viewed 222 times.

Rate Article

Related Videos

How To Leave Your IRA To Your Children Tax Free
Church Fundraising Idea
How Seniors Can Increase Retirement Income
 

More "Insurance" Related Articles

 
 

Listed below are more articles related to the above article from the "Insurance" article category.

People interested in the above article "Endowment Surrender: How To Avoid Getting Short-Changed" are also interested in the related articles listed below:

 
A car has become one of the numerous things without which we cannot do any longer. However, with the number of vehicles that ply on the roads, increasing by hundreds with each passing day, the number of accidents and unintentional damages caused to other vehicles has also increased tremendously.
The car today is no longer considered as a luxury. It has become a necessary item for people especially in the advanced countries of Europe and North America. However with the recession hitting hard on the face, many people are forced to cut their cost of living.
Cutting the cake can be one of the most anticipated moments of a wedding. After you've exchanged rings and said your vows, what better way to celebrate your wedding than sharing those beautiful tiers of sweetness with all your guests?
No one ever wanted to encounter losing the ability to care for ones self. If there was one thing that one could wish away, it would be the unforeseen financial and personal risks and the exorbitant cost of Long-term care (LTC).
Intego is a nationwide, experienced, specialized, and focused agency. We offer the finest industry products using the most sophisticated web-based technology and back them with unparalleled customer service. Let us show you how this powerful combination can improve your business process-giving you more time to build your business and keep your customers happy.
Debt reduction law centers appear to be on a relatively better position than insurance companies especially with the ongoing recession. When it comes to finances at this day and age, being young and single often means there's a huge possibility that you are preoccupied about getting rid of your debt or saving your home rather than thinking about your insurance coverage. This is often due to a widespread belief that right now, insurance is one of a young person's least important concerns and that it is not quite practical to acquire it in the middle of an economic crisis.
Planning a wedding is something lots of girls start thinking about from a very early age! But one thing most little girls don't think about, when doodling their dream wedding dress, is insurance. Wedding insurance is perhaps not the most exciting things happy couples have to think about in the lead-up to their wedding but since weddings can cost between •£15,000 and •£25,000, it's an important to detail to work into your plan.
 
Article Directory Home All Categories Insurance
 

Can't find what you're looking for? Try Google Search!
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.

Afrikaans Albanian Arabic Belarusian Bulgarian Catalan Chinese (Simplified) Chinese (Traditional) Croatian Czech Danish German English Estonian Filipino Finnish French Galician Greek Hebrew Hindi Hungarian Icelandic Indonesian Irish Italiano Japanese Korean Latvian Lithuanian Macedonian Malay Maltese Dutch Norwegian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swahili Swedish Thai Turkish Ukrainian Vietnamese Welsh Yiddish