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Endowments: Your options

Overly-optimistic predictions of stock market growth mean millions of people now face a shortfall in their endowment policy so their fund will not cover the cost of the loan.

If you are faced with a shortfall in your endowment policy you have several basic options, but choosing between them can be problematic.

You can:

Do nothing
Seek endowment compensation
Surrender your endowment policy
Sell your endowment policy on the open market

myfinances.co.uk investigates the pros and cons of each option.

- Sell your endowment policy
  aap is the UK's largest endowment policy buyer and endowment policy seller in the UK. Since 1968 aap has been involved in the purchase of more than £1 billion of with-profit endowment policies. aap will value your with-profits policy completely free or charge and without obligation, so long as it was taken out before 2000 and has a minimum surrender value of £1,500. If you are considering selling your endowment, click here to find out how much endowment selling through aap could be worth to you.

Endowment shortfall: Ignore it?

What if I do nothing?
Over the last few years endowment mortgage providers have been sending out reprojection letters outlining whether your endowment policy is likely to cover your mortgage loan. More...

Endowment shortfall: Compensation?

Are you entitled to endowment compensation?
If you are facing a projected shortfall in your endowment policy, you might be entitled to compensation. More...

Endowment shortfall: Surrender

Surrendering your endowment policy
The vast majority of endowment mortgage providers allow the policy holder to "surrender" their policy. More...

Endowment shortfall: Sell?

Selling your endowment policy - FAQs
If you decide to sell your endowment mortgage, how does the process work and what do you need to do it? myfinances. More...

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Endowments policies for better than surrender value

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Endowments: Your options

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