The first stage is to find a company that you want to sell your policy to. Make sure that you have researched the company properly and looked at a few others as well so you can ensure that you are going to get the best deal.



Once you have decided on a company to go with they will tell you how much your policy is worth and you can make a decision whether to sell it to them or not.

A lot of people think that they can't sell endowment policies if they are secured on their mortgage. However, this is not always the case because if the value of your policy exceeds that of your mortgage or the mortgage is being re - paid then you can still sell your policy. Bear in mind hat every company is different however and therefore the terms and conditions are likely to vary slightly from company to company.

All companies are different when it comes to selling endowment policies because different companies accept different policies. This means whereas one company might be more than happy to buy your policy you may not fit the requirements for another company. Therefore it is important to investigate this before setting your heart on a particular company.

Another common question that those selling endowment policies have is usually about who will start paying the premiums when they have sold their policy. Once the sale has been completed it will be the responsibility of the new owner to pay the premiums. You will stop paying this once ownership of the policy has been transferred and payment of premiums will be taken over by the new owner.

An independent financial advisor is a good person to go to if you are confused about selling endowment policies. They are professionally trained to deal with this kind of subject matter and therefore will be able to assess your situation and advise you what the best course of action would be. Between the financial advisor and the company you decide to use there will always be someone there to help and advise you every step of the way so you can ensure that you have made the right decision.