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Marine & General
Marine & General like many other life companies sold large numbers of mortgage endowment policies in previous years. There may be a shortfall in payout amounts when some of these policies mature. In some cases, returns may not have lived up to expectations and, despite mis-selling complaints and demands for endowment complaint compensation, the outlook for some endowments might not meet expectations and some with-profits policy values may disappoint.
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About Endowments
Millions of endowment mortgages were issued in the previous decades and some endowment policies are not expected to pay off the mortgage they were designed to cover. Endowment mortgages are complex financial assets that blend life assurance and investment value in one product. From flexidowments to unit linked endowments, they seemed a good enough financing idea but a number of economic factors have contributed to their demise. Now, some of those who own policies are selling them on the second hand (secondary) endowment market as an alternative to endowment surrender.
UK Mortgages
Rising debt problems are making UK mortgage owners contemplate home remortgage, selling their home, and selling their endowments as solutions to financial circumstances. The endowment mortgage problem does little to help this situation. While Endowment Express does not offer personal financial advice on such matters, we do offer an endowment sales service which can help to find a good endowment buyer.
You may decide that it’s worth getting a free quote on the value of your Marine and General Mutual Life Assurance Society policy today.If you fill out the details of your policy on our form and provide your contact info then we'll get an endowment quote for you. If you would like to sell Marine General endowment, consider Endowment Express first. Learn more about selling Norwich Union Endowment Policies.