Surrenda-Link, a traded endowment policy service, where you can potentially look to sell your endowment policy for more rather than encashing it for its surrender value, is to launch a new service.
The service will offer endowment policyholders the chance to sell their endowment for a given value as well as being able to participate in bonuses at the maturity of the plan.
Our View
This is technically another from of equity release plan, it is proposed that you will be able to receive up to 70% of your endowment policy value today and then at maturity also receive a share of the actual bonus. We will have to wait for the exact terms but see this as another alternative to the ones already available in the market today which are Surrender/encash your endowment, sell your endowment, policy loan - take a loan against the value of your endowment. Keep your endowment and do nothing.
More news when we know more.
Learn more about endowments in Mortgage Crazy.com .
Want to sell your endowment? Try our online service .
Need help or advice? Visit the Help Zone to find about all the different ways we can help you.
Prefer low cost guidance? Try our Ask An Adviser Service .