Policyholders unaware

Most people surrender their endowment policies rather then sell them on to a third party because they are not aware this option exists. A survey conducted by the traded endowment policy (Tep) purchaser Surrenda-link, into regional variations in attitudes to endowment policies, showed that only 1% of policyholders who have held a policy in the past 10 years sold it on to a Tep provider. This was largely down to lack of awareness, the survey found. In Scotland, 43% of respondents had surrendered their policy with none selling them on to a Tep company. Some 94% of policyholders in East Angli...