How to cash in your endowment policy

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Here's how to work out whether you should keep, sell or surrender your endowment policy for the best return.

		a	Find out: Who provides your endowment policy?
		b	Find out: What type of endowment policy do you have?
		c	Find out: When does your endowment policy mature?
		d	Find out: How do with-profit endowment policies work?
		e	Find out: How do non-profit endowment policies work?
		f	Find out: How do unit-linked endowment policies work?
		g	Find out: How do whole-of-life endowment policies work?

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		a	Find out: How can you cash in your endowment?
		b	Find out: Will you lose out if you keep your endowment policy until maturity?
		c	Find out: What does endowment surrender involve?
		d	Find out: How do you sell endowment policies?

		a	Consider: How will you pay off your mortgage if you sell your endowment?
		b	Consider: Do you have another investment you can use to clear your mortgage?
		c	Find out: Do you have any other means of paying off your mortgage?
		d	Do: Understand the implications of cashing in your endowment

		a	Do: Ask your insurer for an endowment surrender valuation
		b	Find out: What proportion of your endowment policy is made up of the terminal bonus?
		c	Find out: Would you be penalised for surrendering your endowment policy?
		d	Find out: How can you avoid penalty charges when you surrender your endowment?
		e	Decide: Should you surrender your endowment policy?

		a	Do: Get valuation quotes from endowment buyers
		b	Find out: Will you incur any costs when you sell your endowment?
		c	Work out: How much will you get when you sell your endowment?
		d	Decide: Should you sell your endowment policy?

		a	Do: Sell your endowment
		b	Do: Surrender your endowment policy
		c	Decide: What should you do with the proceeds when you cash in your endowment?
		d	Find out: What happens to your life insurance if you cash in your endowment?