Endowment selling is the practice in the United Kingdom of selling an endowment policy to a third party. This is often an attempt to gain more money than the value given when surrendering the policy to the original life assurance company.
Other articles related to "endowment selling, endowment":
... sought alternative methods to repay their mortgage and dispose of their endowment policies ... Now, many companies offer to buy the with profits endowment policy from the holder for more than the surrender value ... This practice has created a thriving industry of endowment policy buyers ...
Famous quotes containing the words selling and/or endowment:
“The only person really soiled with trade
I ever stumbled on in old New Hampshire
Was someone who had just come back ashamed
From selling things in California.”
—Robert Frost (18741963)
“The parent must not give in to his desire to try to create the child he would like to have, but rather help the child to developin his own good timeto the fullest, into what he wishes to be and can be, in line with his natural endowment and as the consequence of his unique life in history.”
—Bruno Bettelheim (20th century)