For selling
endowments - phone 0800
072 1972
Selling endowments ? Click here
to send your policy details for a free
valuation of your policy, or phone 0800 072 1972
to ask about selling endowments.
(examples)
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.
Where can I sell my endowment
policy ? You can do it here.
(Here
are 2 links that can give you more information about selling endowments , produced by the Financial Services Authority.
1.
2.
)
|
Selling Endowments ? Let an
endowment broker make more money for you |
Further information about selling endowments
When selling endowments, the seller has
to be aware that they will lose the benefit of the life assurance
contained within the endowments, and replacement life cover should be
considered. A link on the right hand menu will help you. Selling
endowments is now quite commonplace in the uk, and the whole process is
technically known as a trading in endowments.
An increase in the number of people
selling endowments has taken place since "endowment shortfall red
letter" warnings have been issued by the endowment life offices, and
more policy holders are now selling endowments through this web, and
receiving offers from private buyers or institutions that are over and
above the surrender values being offered by the originating life
offices.
A traded endowment policy, or "TEP", is a
with-profits endowment policy that has been sold by the original
policyholder to another investor before the end of the endowments agreed
term. These policies are legally assigned to the new owner who continues
to pay the premiums. They are also known as 'second hand endowments'.
In many cases selling endowments on the traded endowment market, can
return more money than compared to that offered by the life assurance
company. The difference can be up to 35% more, but the age of the
endowments and the life company that issued them play a big part in
determining the endowments second hand value.
Selling endowments must now be one of the
options pointed out to you, if you contact the original endowment
company with a view to surrendering the policy. This has not always been
the case, but has been made law by the Financial Services Authority (see
the 2 links above for more information on this). As a result the number
of endowment policy holders now selling endowments has increased.
The information on this selling
endowments web site is intended as "information only" and should not be
taken as "advice".
If you are unsure about what to do about your endowments, you should
consider taking advice from an independent financial adviser who is
regulated by the Financial Services Authority.
Good luck with selling your endowments.
For those selling endowments, this is the
latest list of endowment policies that are being bought: Axa Equity &
Law, Axa Sun Life, Britannia Life, Britannic Assurance, Century Life (NEL
Britannia), Clerical Medical, Colonial Mutual, Commercial Union,
Co-operative, Crusader Insurance, Eagle Star, Ecclesiastical Insurance
Group, Friends Provident, General Accident, Guardian Financial, Imperial
Life (now Lincoln), Irish Life, Legal & General, Life Association of
Scotland, Liverpool Victoria, London & Manchester, London Life, MGM,
National Farmers Union Mutual, National Mutual Life, National Mutual
Life of Australasia, National Provident Institution, Norwich Union,
Pearl Assurance, Phoenix Assurance, Provident Life, Provident Mutual,
Provincial Life, Prudential, Refuge Assurance, Royal Life, Royal Liver,
Royal London, Royal National Pension Fund For Nurses, Scottish Amicable,
Scottish Equitable, Scottish Friendly, Scottish Life, Scottish Mutual,
Scottish Provident, Scottish Widows, Standard Life, Sun Alliance, Sun
Life Of Canada, Swiss Life, Teachers Provident, Tunbridge Wells (now
Childrens Mutual), UK Provident, United Friendly, Wesleyan Assurance,
Windsor Life (Gresham) - Being on the list doesn't guarantee an offer
will be made, but you have nothing to lose by finding out.
Selling endowments for more
than the surrender value
Selling endowments the quick
and easy way
Selling endowments for profit
|
Selling Endowments
- the website for selling endowment |
|
|
