There are many places to sell an endowment depending on where you live. You should always consult a lawyer first to make sure your particular endowment allow for this, then a general web search with you location will bring up many places to contact.
One can cash an endowment in a number of ways. One can cash an endowment by surrendering it to the endowment issuing company or one can sell an endowment to an endowment policy trader.
Many life insurance companies sell endowment and endowment policies. These policies can also be found through the Purchase Endowment Selling blog and other websites.
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Information on endowment policies can be found at Money UK, This is Money UK, Absolute Assigned Policies Ltd., Endowment Surrender Plus, and Sell Endowments UK.
One should look on the 'selling my endowment' website when looking to sell an endowment policy. They offer much advice and tips on where to do this. One can also go to 'endowment surrender plus'.
If someone chooses to sell their endowment policy, the policy is sold to the insurance company that one has the policy with. A person can, "cash out" a policy early and take an agreed upon amount instead.
An endowment policy is a type of insurance policy which has a small savings portion attached to it. Some people choose to sell this policy before it's paid out (as in before the death of the insured) in order to collect the savings portion.
There are a variety of websites online that deal with selling an endowment policy. One of the best resources that was found was an online article called "Should I sell my Endowment Policy." This article was found at the website Money.co.
This website allows a user to get multiple offers for a price on selling their endowment policy; it is for users in the United Kingdom, and is run by TEP Exchange Limited.
If someone sells their endowment policy you will get around 15% or more of the amount you sell it for. So people would say its pretty good money to earn.
The major advantage of cashing in an endowment mortgage early is having cash available if needed. Sometimes an endowment may be worth more than the outstanding mortgage so cashing in early can ease some financial burden.
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