selling endowment
#1
selling endowment
I am trying to sell our Lloydstsb endowment policy which is 7 years old. Did a search on here and found some links which I contacted but no one seems interested as it is unit linked. Do any of the financial bods on here know whether there is anybody who would be interested or am I just going to have to surrender it
Cheers
Yv
Cheers
Yv
#2
Re: selling endowment
Originally Posted by YFitz
I am trying to sell our Lloydstsb endowment policy which is 7 years old. Did a search on here and found some links which I contacted but no one seems interested as it is unit linked. Do any of the financial bods on here know whether there is anybody who would be interested or am I just going to have to surrender it
Cheers
Yv
Cheers
Yv
You can surrender it, keep it or make it "paid up" which means just dont make any more contributions to it
#3
BE Forum Addict
Joined: Jan 2003
Location: Brisbane
Posts: 1,576
Re: selling endowment
Just turn it into "paid up" as previous poster says. They will then send you a letter saying how many units in whatever trust you have. You can then check the price in the local paper if you want, or return the policy to Lloyds and ask them to cash it in.
They will then pay you the Number of units x price per unit as a cheque easy peasy.
Once it's "paid up" you can keep it indefinately and watch it's value rise as the price of the units rise.
They will then pay you the Number of units x price per unit as a cheque easy peasy.
Once it's "paid up" you can keep it indefinately and watch it's value rise as the price of the units rise.
#4
Re: selling endowment
Hi Yv,
I cashed mine in with the company I bought it from. Like you it was under 10 years old and nobody wanted to know. I got quite a good deal though so it wasn't so bad.
Sarah
I cashed mine in with the company I bought it from. Like you it was under 10 years old and nobody wanted to know. I got quite a good deal though so it wasn't so bad.
Sarah
#5
Guest
Posts: n/a
Re: selling endowment
I had the same problem as you so rang my actual endownment provider.
I sold mine back to the providers and was pleasantly surprised as I didn't lose that much. However, a word of advice, leave it as late as posible as it is still appreciating daily and you get back a different amount incrementally on a daily basis - mine changed over 500GBP over a 3 month period.
Warren
I sold mine back to the providers and was pleasantly surprised as I didn't lose that much. However, a word of advice, leave it as late as posible as it is still appreciating daily and you get back a different amount incrementally on a daily basis - mine changed over 500GBP over a 3 month period.
Warren
#6
Re: selling endowment
Originally Posted by Go Banana's !!
I had the same problem as you so rang my actual endownment provider.
I sold mine back to the providers and was pleasantly surprised as I didn't lose that much. However, a word of advice, leave it as late as posible as it is still appreciating daily and you get back a different amount incrementally on a daily basis - mine changed over 500GBP over a 3 month period.
Warren
I sold mine back to the providers and was pleasantly surprised as I didn't lose that much. However, a word of advice, leave it as late as posible as it is still appreciating daily and you get back a different amount incrementally on a daily basis - mine changed over 500GBP over a 3 month period.
Warren
#7
Forum Regular
Joined: Nov 2004
Location: bedford uk
Posts: 70
Re: selling endowment
Originally Posted by YFitz
I am trying to sell our Lloydstsb endowment policy which is 7 years old. Did a search on here and found some links which I contacted but no one seems interested as it is unit linked. Do any of the financial bods on here know whether there is anybody who would be interested or am I just going to have to surrender it
Cheers
Yv
Cheers
Yv
#8
Just Joined
Joined: Nov 2004
Posts: 2
Re: selling endowment
Originally Posted by SHEETY
have you tried going for compensation on it I did i got over 4000 pounds in comp and they gave me a good surrender price too and you are right you cant sell these unit linked ones they are rubbish try the compensation route with a no win no fee soilicitor I used Burlingtons do a web search you will find them easy enough no win no fee nothing to loose!!
Regards
Rob
#9
Re: selling endowment
Thanks all for your info and suggestions. Will just have to look into the pros and cons of leaving it "paid up."
Rob, have done a search and think this may be what Sheety was talking about.
www.burlingtonpartners.co.uk
Cheers
Yv
Rob, have done a search and think this may be what Sheety was talking about.
www.burlingtonpartners.co.uk
Cheers
Yv
#10
Re: selling endowment
Originally Posted by YFitz
Thanks all for your info and suggestions. Will just have to look into the pros and cons of leaving it "paid up."
Rob, have done a search and think this may be what Sheety was talking about.
www.burlingtonpartners.co.uk
Cheers
Yv
Rob, have done a search and think this may be what Sheety was talking about.
www.burlingtonpartners.co.uk
Cheers
Yv
Jim
#11
Just Joined
Joined: Nov 2004
Posts: 2
Re: selling endowment
Originally Posted by YFitz
Thanks all for your info and suggestions. Will just have to look into the pros and cons of leaving it "paid up."
Rob, have done a search and think this may be what Sheety was talking about.
www.burlingtonpartners.co.uk
Cheers
Yv
Rob, have done a search and think this may be what Sheety was talking about.
www.burlingtonpartners.co.uk
Cheers
Yv
Cheers
Rob