Valuation

Before you begin you will need to gather your endowment policy documents together. You will also need to contact your Life Assurance company to obtain the current 'surrender value' of your policy and to find out the name of the company through which you purchased the policy. You then simply need to enter these details into our online valuation form; this should only take approximately 5 minutes of your time.

Why spend hours searching for the best price?

When we can search and negotiate for you!

We are able to provide quotes for a wide array of endowment policies including:

Click here for a list of endowment companies we cover.

Decision

Once you have submitted the valuation form we will establish the policy purchasers who are interested in your policy and contact each individually so as to negotiate and secure the best offer possible. We will then contact you with details of the highest offer and discuss how we can assist you during the sale of your endowment policy. You will then need to consider your options and decide whether to sell or retain your policy.

If you decide not to sell you can always return for a re-quote at a later date. However, it is important to be aware that the value of policies in the endowment market change very rapidly and a policy that may be in high demand today may not be tradable tommorrow. Unfortunately there is no way of predicting which policies will be in demand in the future.

If you are happy with the offer and would like to proceed with the sale you will be contacted by the policy purchaser's solicitors. You will either receive an acceptance slip which you will need to sign and return in order to continue with the sale, or a contract note. The contract note will detail an agreed date for the purchaser to take over the premiums and will be guaranteed for a limited period of time during which you can make your final decision.

The contract note is a legal document; once you have signed it you are obliged to sell your policy at the stated offer (subject to the policy purchaser's Terms of Business).

Any offer make on an endowment policy will always be

higher than the surrender value!

Confirmation

If you choose to accept the offer detailed on the contract note you will need to sign and return it complete with the attached letter of authority. This will enable the purchaser's solicitor to obtain relevant information from the life assurance company. The solicitor will then request that you forward any additional documentation that is needed to complete the sale.

The purchaser's solicitor will then check with the life assurance company that the policy details are correct, that there have not been any undisclosed amendments to the policy and will also conduct a bankruptcy search.

After the above checks have been completed and approved the policy will be reassigned to the purchaser and you will receive the cheque for the agreed amount. The purchaser covers the cost of the sale so you will not need to pay any fees.

Once the endowment policy has been sold, it remains in place, but the purchaser covers the premiums for the rest of the term and benefits either on your death or maturity.

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