Selling Endowment Broker for cashing in your policy

NEWSFLASH: Only With Profit polices at the moment.

	Selling Endowment form <<<< Click here for a quote. If you have decided that you wish to cash-in your with profits endowment policy, there is an alternative to surrendering it back to the insurance company. Often, it is possible to get more by Selling Endowment policies to the growing group of private and commercial investors. All Quotations are obtained by Pensions, Insurance and Capital Management Limited (P.I.C.).
	click here for a check-list of the information you will need to get a quote
	Advice P.I.C. do not give advice on whether you should cash-in your endowment policy, but they do help you get the best possible price for it by offering it to major buyers. If you would like advice then please click here.
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What P.I.C. will do is to check that the details of your policy look right and then submit the details of your with profits endowment policy to their list of buyers. This list includes most of the main buyers in the UK and they have requested the lists.

As soon as an offer is received, P.I.C. email you with the details. Normally, all offers are received in five working days. At the end of that period, P.I.C. will email you the details of all the bids and if you accept one, they will arrange the sale for you and help you get the necessary papers together.

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In some cases there will be no bids. There are a number of possible reasons for this:

Some insurance companies are more generous in their surrender values. No bids may just mean that the surrender value is a fair value. Policies with shorter terms to maturity are generally more attractive than those with a long time to run.

Policies that have been running for less than five years are more difficult to sell. Policies with lower surrender values are less likely to sell.

If the surrender value is less than £2,000 the costs of buying a policy are often too high to allow the buyers to beat the surrender value.

Obviously, some insurance policies are more attractive than others to investors, but this can change quickly. Indeed the market changes so fast that it is often worthwhile putting a policy that received no bids forward again after a time.

It is very important to make sure you understand all of the options open to you, including selling, surrendering and maintaining your policy and how each may effect the benefit you receive.

If your Endowment policy is intended to pay off an existing mortgage you must ensure that your needs continue to be met after you take action; for example, you may need to set up an alternative repayment vehicle, alter the terms of your mortgage with the lender, or establish an alternative source of life cover to protect any family members that may be affected should you die with an outstanding mortgage debt.

Please contact us for advice if you are in any way unsure of the most appropriate course of action for you, or need further
information on the options available.

Advice required

The EndowmentBroker is an on-line service provided by Pensions, Insurance and Capital Management Limited (P.I.C.),
an appointed representative of Sesame Limited which is authorised and regulated by the Financial Services Authority.
Sesame Limited are entered on the FSA register (http://www.fsa.gov.uk/register/) under reference 150427.
This site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK,
or UK ex-patriates, excluding Hong Kong.
Pensions, Insurance & Capital Management Limited
Registered Office:19 Waterer Rise, Wallington, Surrey, SM6 9DN. Registered in England No. 01947029.
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