Selling endowment policies

selling endowment policies

selling endowment policies

I have found several advertisements in national papers recently from companies selling endowment policies. However, which is the best option to get the best return if you want to sell your endowment policy?

It is estimated that over 4 million with-profits endowment policies were sold by insurance companies in the nineteen eighties and nineties. These policies were designed to last for up to 25 years and increase in value each year as a bonus is added to the amount of money that you paid in every month plus an estimated big bonus at the end of the term. Most of these policies were estimated on annual bonuses accruing at up to 9%, however in reality, with the fall in interest rates over the last 10 years, most policies are currently returning less than 1% per year.

These with-profits policies were sold as a means to repay an interest only mortgage at the end of the mortgage period. Industry experts now predict that 9 out of 10 policies will not reach their target figure to repay the mortgage. With nearly 4 million policy holders having been informed by their insurance companies of the potential endowment shortfall, there is a big market out there for Traded Endowment Policies.

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“The place for selling endowments”

If you are considering surrendering your endowment policy, you should seriously look at the option of selling the endowment on the second hand traded endowment policy market (TEP). By phoning the above number or clicking the link below it, you can either give the endowment details to the largest UK market maker over the phone, or send them by email. Selling endowments has become an accepted and profitable alternative to surrendering the policy, and the number of policy holders actively engaged in the selling endowment process is on the increase. Depending on how long the endowment policy has been running, a significant increase over and above its surrender value can be achieved by selling to the endowment traders. Your endowment policy will then be assessed, and if tradable, an offer will be notified back to you, usually within 48 hours, and the process of selling the endowments commences. Selling endowments is not complicated, and you could get more money for selling your endowments than surrendering. Please note: when selling endowment policies, only endowment policies of the “with profits” type, with start dates before 1997 and surrender values of more than £1500, are considered.

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