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Why would I sell my policy rather than surrender it?
You may have decided, for whatever reason, that your endowment policy is no longer relevant to your financial circumstances. It follows logically that you will, therefore, want to get as big a return from your investment into the endowment policy as you possibly can.
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First
you should approach us so that we can find out how much the policy will
be worth if you surrender it. This "surrender value" may or
may not be more than you have actually paid in to the policy.
There may be a substantial difference between a quoted surrender value
and a policy's underlying worth if held to maturity. Through the TEP
market, policyholders may be
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able to sell
'unwanted' policies to secure a higher value and buyers with the
initial capital to invest and the income to meet future regular
premium commitments may buy them mid-term with entitlement to all
the potential future benefits.
Levels and bases of, and reliefs
from, taxation are subject to change.
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