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Category: Finance Squidoo : Lens : Companies that buy endowment policies from divorcees If you are currently going through a divorce and have decided that endowment policies are therefore no longer required, you may well have decided to surrender.Some companies buy endowment policies from divorcees, often giving them a greater return than they would get from surrendering it back to the providing life company. In some cases, the difference can be as much as 35% when a market making company buys your endowment policy, compared to surrendering. ... Squidoo : Lens : Reasons to cash in on an endowment Whether you are getting divorced, moving home or are worried your policy won’t cover mortgage costs, there are plenty of reasons why you may want to cash in on an endowment policy.Many people cash in their policy to quickly raise cash, perhaps to pay off substantial debts or due to divorce.If your circumstances change and you choose to cash in an endowment policy, you may think surrendering the policy is the best option. ... Squidoo : Lens : Sell and buy endowment policies There are many reasons why you may have decided to surrender your endowment, but did you know there are companies that could buy your endowment policy – and offer more than the surrender value? Visit www.aap.co.uk to find out more.Many people choose to cash in their endowment because of a change in circumstances. This can include:Divorce Increased debt Re-mortgaging Restructuring your finances. ... Squidoo : Lens : Can I sell my endowment? If you are one of the many people who have decided to surrender your endowment, you may not have realised that you can sell your endowment policy. In fact, if you sell to a company that specialises in buying endowment policies, you could get more than the surrender value.David Arnold, general manager of one such company, aap, said: "On average, we would pay 15 to 20% more than the quoted surrender value, but we have paid up to 50% more". ... Squidoo : Lens : Selling and buying endowments to pay off debt Levels of debt in the UK are increasing, and it is important to stay on top of repayments. If you have decided to surrender an endowment policy, which will free up cash allowing you to pay off debts, it is important you know that there are other options available to you.There are many companies that specialise in buying endowment policies in the UK. They could even give you more than the surrender value offered by your life company. ... Squidoo : Lens : Selling and buying endowment policies There are many alternative options to surrendering your endowment, including selling it to companies that specialise in buying endowment policies.The biggest company that specialises in buying endowments in the UK is aap. Their managing director Lee Portnoi said: “Apart from getting more for their policies by selling through a company like mine, they could make a policy paid-up or could raise a loan against it, either from the life company or from most high street banks. ... Squidoo : Lens : Why cash in your endowment policy? If you are planning to move house, build an extension or refurbish your home, you may decide to cash in your endowment policy to fund the project. But did you know you could get more by selling your endowment rather than surrendering it back to your life company?With house prices rising rapidly, and all the fees that go along with buying a new home, you may decide to cash in your endowment policy if you are moving. ... Squidoo : Lens : Who will buy my endowment policy? Are you asking yourself “who will buy my endowment policy?” If you are getting divorced, it is important things go as smoothly as possible. Divorce is stressful enough, without financial difficulties adding to the problems. Many people going through a divorce decide to cash in their endowments to free up cash, either for legal costs or to fund the purchase of a new home. ... Strumors Strumors Community Contributed Articles - Mortgagefit.com Our community members have contributed towards writing articles which are informative and would help the community on various financial issues. | |||
