Foreign Perspectives

Although it’s best to retain your endowment for the full term sometimes that’s just not possible for one reason or another.

However, you don’t need to take the pitifully low amount that you’ll be offered by the insurance company as it’s possible to sell endowments these days and almost always that’ll bring you in a significantly larger amount than the insurance company are offering you. If it’s an endownment that you’ve notionally been using to pay off your mortgage the amounts involved can be very substantial indeed (you usually can’t sell the endowment if it’s been assigned to the bank).

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