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Selling endowments - buyers return.
Due to the recent global financial crisis the selling
of endowments took a turn for the worse with endowment buyers
reluctant to invest in the market.
This situation appears to be changing with more
people selling their endowments to the endowment traders than a year
ago.
But what does this mean for the future of endowment
selling ?
Although the sale of endowment policies to the
members of the public to finance mortgages dried up a few years ago,
there remain a large number of long term endowments still in existence
with premiums being paid to finance the original mortgage debt.
However, due to the drop in bonus rates, the policy
holders have been tempted to cash them in and switch to repayment
mortgages instead.
This means that some endowment policies are being
kept as pure savings plans so that one day when they mature they will
pay out directly to the policyholder and not to the mortgage lender.
That was up until the public became aware that there
was a market place for selling endowment policies and started
investigating this as an option. Now selling endowment policies is
becoming more widespread.
The policy traders believe that the selling endowment
market will be in existence for about another 10 years or so, as this
relates to the number of endowment policies still in existence and
therefore capable of being offered for sale.
Selling endowments is not new.
Some policy holders have enjoyed a cash value from
selling endowments that is significantly in excess of the surrender
value.
Others have been disappointed and have either kept
their endowment or surrendered it back to the life office.
The true return for selling endowment can only be
discovered by offering it for sale, and that can be done by using the
selling endowment link above.
Selling endowments for more than the surrender value Selling endowments the quick and easy way Selling endowments for profit |
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Mortgage Arrangers, Equity House, 225 Hatherley Road, Cheltenham Gloucestershire GL51 6HF