What are the steps in selling my endowment ? Although the time it takes to complete a sale can vary, the basic stages of selling an endowment policy should follow the same route. They can be split into 6 stages as follows :- 1. You submit your endowment policy details to us using our secure online quotation form for evaluation by all of the market makers. 2. We report back to you with the highest offers received. Please remember that we are working for you and not the purchaser - this means that we are trying to get you as much as possible for your endowment policy. 3. Once an offer has been accepted by you, we send the paperwork out to you with an acceptance letter and Letter of Authority (LOA) to sign. The LOA allows the purchaser to make enquiries with your insurance company to check that all of the information is correct. 4. A deed of assignment is sent to you - this will be used by the purchaser's legal people to change ownership of the endowment at completion. 5. The market maker and ourselves will do all that we can to push through the sale as quickly as possible. The report on the policy from the Life Office may reveal that the policy still has old assignments that need to be removed. This is a quick and simple process and can usually be achieved with a phone call to any past lenders that used the policy as security for a mortgage. We will help you with this as much as we can, by providing phone numbers and old account numbers etc. 6. As soon as the market maker has obtained all of the information that they require to prove ownership and details of the policy, they will move forward to complete on the purchase. Cheques are either sent direct to you or to us for forwarding (it varies with each market maker). This is a generalisation of how endowment policies are purchased. Although the process is a lot more involved than this, the bulk of the enquiries and paperwork is taken care of by Endowment Policy First and the purchaser.