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    AXA Policy

    Hi all,

    Ive an AXA policy ive been paying into for about 7 years, 10er a month the first year and goes up every year thereafter.

    Im looking to cash it in, ive heard you can sell such policies, anyone know anything about such places who would buy ?

    Cheers in advance

    3 Comments

    [LIST]
    [*]Your options are:
    [*]Selling to a third party in the second-hand market - the TEP market
    [*]Making the policy paid-up
    [*]Borrowing against the policy
    [*]Surrendering the policy to the life assurance company you purchased it from
    [*]First, ask AXA for quotations for surrendering and making it paid up
    [*]Then google selling endowment policy, and shop around, There are at least six companies in this market; I got quotes from each of them, then asked second and thord ranked firms to beat top quote, which they did, IU got £2000 more than quote from the policy provider!
    [*]Bottom line is, your policy may be worth little or nothing! Check your options agaiun beforer making a comitment.
    [*]Good luck.[/LIST]

    Original Poster

    QUOTE=RogerN;7915456][LIST]
    [*]Your options are:
    [*]Selling to a third party in the second-hand market - the TEP market
    [*]Making the policy paid-up
    [*]Borrowing against the policy
    [*]Surrendering the policy to the life assurance company you purchased it from
    [*]First, ask AXA for quotations for surrendering and making it paid up
    [*]Then google selling endowment policy, and shop around, There are at least six companies in this market; I got quotes from each of them, then asked second and thord ranked firms to beat top quote, which they did, IU got £2000 more than quote from the policy provider!
    [*]Bottom line is, your policy may be worth little or nothing! Check your options agaiun beforer making a comitment.
    [*]Good luck.[/LIST]
    [/QUOTE]


    Cheers appreciate it :thumbsup:
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