If you are one of the many thousands of people who have been sent a letter telling you that your endowment policy is not likely to meet its investment targets, then you may be considering surrendering your policy back to the provider and putting some form of contingency plan in place.

Many people whose endowment policies are underperforming decide upon surrendering their policy and switching to another investment vehicle to accompany their interest only mortgage or moving to a repayment mortgage. But this is often not the best way to make good of what is undoubtedly a bad situation. In fact, simply surrendering your endowment policy should only be undertaken as a last resort.

Read the following pages to find out more about endowments in general and specifically, why selling your policy on the Traded Endowment Policy (TEP) Exchange may prove to be a far more lucrative option: