In what scenario should you sell an endowment plan? Should I consider selling mine?

Hi Anon,

Do you happen to know when is the maturity of your endowment policy? Also would you happen to know if there are any special benefits tagged to it?

Personally I would recommend you to hold on to the policy as actually selling the plan to a 3rd party might seem feasible at the moment cause you get a lump sum of cash upfront, however that lump sum might not be as comparable to the potential maturity value of the policy.

Also if you feel that you can better invest the money, are you able to spare the same 150/mth to maybe put into other investments? No harm having your money work harder for you in 2 ways rather than just 1. After all it's not ideal to have all our eggs in 1 basket.

But of course, if you really do need the cash upfront, then selling away this endowment policy can be a solution for you. But as mentioned if you can still afford it, I would personally advise against it due to the potential maturity value.

The only scenario is if you can deploy the funds and the $150 a month to a better place gaining better returns. It also depends on the horizon (25 years plan or 10 years plan).

I am a 2nd hand insurance broker who buys endowment and whole life policies which people do not want (and selected ILPs). PM me if you need more info.