Selling endowments, a course of action taken by the financially savvy few, is now a common occurrence, yielding the endowment policy holders more money than policy surrender, especially since the passing of UK Government legislation forcing the endowment policy companies to advise their clients of the option to do so.

Web site www.sellingendowment.com has seen a surge in activity over the past year, and is now experiencing enquiries from all over the world, as expatriates and UK professionals working overseas respond to their red warning letters, telling them their endowment policy is not on target to pay of their mortgage.

The process has been made simple by the introduction of an online easy to use “selling endowment form,” with help menus which describe where to get the information from, however, since the introduction of the “phone in service” on 0208 732 4071 a high proportion have simply phoned in their endowment policy details instead.

Endowment complaint companies have sprung up overnight to try and cash in on the endowment miss-selling boom, but the procedure is so long winded and complicated that many endowment policy holders are simply choosing the simpler option of selling their endowment instead

Although the ability to sell an endowment, rather than surrender it back to the life office has always existed, it would seem that the life offices did not go out of their way to publicise this, a situation that took legislation to attempt to correct.
Even so, it is still not that well known, and endowment policy holders are still surrendering their policies without knowing of the extra money that could get by selling to a third party investor instead.

Endowment policies that seem to sell well include:
Axa Equity & Law, Axa Sun Life, Britannia Life, Britannic Assurance, Century Life (NEL Britannia), Clerical Medical, Colonial Mutual, Commercial Union, Co-operative, Crusader Insurance, Eagle Star, Ecclesiastical Insurance Group, Friends Provident, General Accident, Guardian Financial, Imperial Life (now Lincoln), Irish Life, Legal & General, Life Association of Scotland, Liverpool Victoria, London & Manchester, London Life, MGM, National Farmers Union Mutual, National Mutual Life, National Mutual Life of Australasia, National Provident Institution, Norwich Union, Pearl Assurance, Phoenix Assurance, Provident Life, Provident Mutual, Provincial Life, Prudential, Refuge Assurance, Royal Life, Royal Liver, Royal London, Royal National Pension Fund For Nurses, Scottish Amicable, Scottish Equitable, Scottish Friendly, Scottish Life, Scottish Mutual, Scottish Provident, Scottish Widows, Standard Life, Sun Alliance, Sun Life Of Canada, Swiss Life, Teachers Provident, Tunbridge Wells (now Childrens Mutual), UK Provident, United Friendly, Wesleyan Assurance, Windsor Life (Gresham) - Being on the list doesn't guarantee an offer will be made, but you have nothing to lose by finding out.