Endowment policies

South Africans abroad can surrender their endowment policies. If the policy is ceded to a bank, the ceding will require cancellation before funds can be released.

South African endowment policies

South African expats often neglect their financial portfolios back on home soil. You may have forgotten about your policies or perhaps you aren’t sure what your options are when it comes to changes, cessions or offshore transfers. Let us give you some insight about your endowment policies.

What is an endowment policy?

An endowment policy is similar to life insurance except that it pays out a lump sum after a specific term or on death. The insured can select the investment term – usually five, ten, fifteen or twenty years.

What can South African emigrants do with their endowment policies?

South Africans abroad can surrender their endowment policies. If the policy is ceded to a bank, the ceding will require cancellation before funds can be released.

How does it work?

FinGlobal will organise cancellation of your debit orders and arrange for the policies to be paid up and surrendered. We can also assist with cancellation of the cession on your policy if necessary.

We can also refer you to a new adviser or insurer abroad who can assist you in applying for relevant cover in your new country of residence.

What are the fees?

Our initial consultation to you is cost-free and includes a quotation for our services. Fees are fixed and payable only on successful completion of the job.

Get a FREE assessment

Leave your details to get started





Licensed South African Financial Services Provider FSP # 42872

Exchange rates

Can't find your country? Contact us


Other services


Please Call Me

We’ll answer all your questions

Free Financial Report

Get a FREE financial report on your South African policies

Our Fees

View information on our fees

Frequently Asked Questions

Have a question? Look at our FAQ’s or request a call back

Client testimonials

Over the past couple of months or so, FinGlobal (previously cashkows) have located various policies I had many years ago with South African insurance companies, managed the closure of the accounts and tax payments to SARS, and forwarded the funds to me in my new home country. The whole process was a textbook demonstration of professionalism and customer service. It was probably the best business experience I have ever had.

Nick Clews

I thought I only had 1 policy but delighted when FinGlobal (previously cashkows) discovered another one! FinGlobal made the procedure effortless and dealt with it in a very professional manner. Thank you for helping me through the process!

Georgina Oliver-Hancock

Heritage Day – a day where South African’s everywhere celebrate their diversity

Heritage Day, celebrated on the 24th of September, is one of South Africa’s new public holidays when South Africans are encouraged to celebrate...
Read More

New Zealand is offering foreign teachers a $7000 incentive to teach in the country

Are you a teacher and do the wide, open spaces of New Zealand attract you? Well, then it’s your lucky day, month and even year as the New Zealand...
Read More

Qatar is fast becoming the most expat-friendly Gulf Arab State

Qatar has recently announced that expats living in the country could soon be entitled to permanent residency and that the new law will extend...
Read More
Let us call you for a FREE consultation

We’ll answer all your questions. Your personal consultation is completely free and without obligation.

Please Call Me
Request a call back        Please Call Me