Endowment policy - cash it in or sell it

Carbon749 · 28-Jun-2006, 00:15

Hi,

To all the advisors on the DSC, if I were to want to sell an endowment that is 10 years old this month .... who do I deal with to get the best return.

The policy is no longer attached to a mortgage.

chris.p · 28-Jun-2006, 06:37

Unless you are strapped for cash, I would keep it, it`s a damn good life insurance policy & will still give a better return later than cashing it in now, my own thoughts though.

Chris.

Red-Duc · 28-Jun-2006, 07:22

As Chris says, you will lose quite a bit of the fund value cashing it in

rcgbob44 · 28-Jun-2006, 07:30

You do not want to sell that policy, endowments gather value as they get older.

webbyc · 28-Jun-2006, 07:39

The best thing is to see the policy through to maturity because in that way you will realise maximum value. However, if you need the cash then try to sell first as this should yield a greater value than surrendering. You may not actually be able to sell it, because the companies that buy are choosy about which ones they take. Hope that helps.

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28-Jun-2006, 06:37	#2
chris.p Registered Forum User Ducati Corse Bikes: Monster 1100 EVO Posts: 3,969 Join Date: Jul 2003 Location: lincoln Mood: I'm A Grandad again :-) Unless you are strapped for cash, I would keep it, it`s a damn good life insurance policy & will still give a better return later than cashing it in now, my own thoughts though. Chris. Reply

28-Jun-2006, 07:22	#3
Red-Duc Registered Forum User Mille Posts: 389 Join Date: May 2006 Location: Oxford As Chris says, you will lose quite a bit of the fund value cashing it in Reply

28-Jun-2006, 07:30	#4
rcgbob44 Registered Forum User BSB Star Bikes: 998s, Jota, KTM 690 Duke Posts: 5,990 Join Date: May 2003 Location: Coulsdon, Surrey...........and hopefully Germany at some point in the future. Mood: My Jota goes rumpety rump! & I have my wife exactly where she wants me! You do not want to sell that policy, endowments gather value as they get older. Reply