Endowment selling

Selling an endowment policy rather than surrendering it

Endowment selling is the selling of an endowment policy to a third party instead of surrendering it to the original life assurance company. This is often done in an attempt to gain more money than the value given when surrendering. It became common in the United Kingdom after with-profits endowment policies were sold to support mortgages in the 1980s and 1990s.

This keyword could refer to multiple things. Here are some suggestions: