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Orchard Endowment FAQ's
If I choose to sell my endowment policy through orchard endowments how long will it take to complete?
From the moment you accept an offer to sell, the process usually takes between 3 and 5 weeks to complete.
What information will I require when selling my endowments?
The main items you will need are the original policy document, latest bonus statement, proof of identity, address and age.
Selling endowment policy
The selling endowment policy process begins when you provide your endowment details either by phone or email. You can ask an active endowment buyer to call you back for a chat about your options by using the handy callback request function on the homepage. They will put you in the picture regarding the current value of your endowment policy and may also make you an offer to buy it if you're ready to sell endowment over the phone.
This web site is designed to take the information regarding any 'with profits endowment policy'. These policy details are forwarded to active endowment buyers who will endeavor to beat your current endowment surrender value offered by your life insurance company.
This service is free and without obligation. If you're new to the secondhand endowment market check out the policy preparation guide for some tips on what you need to do in order to sell your policy through Orchard Endowments.
Any offer made will be posted to you for final approval and signature, normally within 3 to 5 days of your initial enquiry through Orchard Endowments. The offer's you receive will be higher than the current endowment surrender value quoted by your life office or life insurance company, in some cases you may get up to 35% more.
If you decide to accept, you simply complete the acceptance form and return it by post to the buyer, simple.
When the traded endowment buyer receives your acceptance letter they approach the life company to confirm the policy details are in order. The endowment policy buyer then prepares to sell the policy to an investor or maybe retains your policy as part of an investment portfolio.
The investor may purchase a single policy or multiple policies at the same time.It's a bit like a mortgage chain, with everyone trying to complete the sale as soon as possible.
You will of course be kept informed of the progress of your policy sale stage by stage. Selling endowment info input page is able to send your details to the buyers the second you click submit, give it a try if you have your endowments details to hand.
