Below a brief description of the steps on how to auction an endowment

Auction an endowment
At an endowment policy auction, auctioneers sell your policy on your behalf and aim to get the best possible price.

To sell your endowment policy at auction, you first need to complete and submit a policy valuation form.

The auctioneer will then enter the policy into the next endowment auction.

But you don’t have to sell the policy if the highest bid is below the surrender value or whatever you set as a reserve price.