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.
Read more about Endowment Selling: Background, Surrendering Vs. Selling
Famous quotes containing the words endowment and/or selling:
“... it matters not what natural endowment a race may have if it prostitutes itself to the service of death.”
—Rebecca West (1892–1983)
“It has become a certainty now that if you will only advertise sufficiently you may make a fortune by selling anything.”
—Anthony Trollope (1815–1882)