Rising debt 'will lead to endowment sales'

The group, which offers an alternative solution to surrendering a policy with potentially 35pc more cash, has predicted that more people will look to the secondary market rather than cashing their plan in through the life company, in order to achieve a higher price for their endowment policy. Dan Farrow, CEO of TIS Group - aap's parent company, commented: "Endowment policyholders who find themselves struggling to pay off Christmas and New Year debts on top of meeting their mortgage repayment costs and who are now considering surrendering their policy, should remember that there is an attr...