Low APR Credit . Simply - Pages relating to minimising consumer costs and maximising benefits offered by the best, reputable sources

Have a good week all.
  Traded Endowments Overview
Key Features of Traded Endowments
Selling an Endowment

 
Your policy may be tradable if it is in the following list.



 


Click NEXT

You will need to find your policy documents.....

Selling an endowment

If your With Profits Endowments Policy is no longer wanted, think before surrendering it back to the life company.

Market makers will quote for your with-profits" endowment policy if it is eligible. Market makers can then trade the endowment to waiting buyers who to aquire mid term policies.

If you provide details of your policy to market makers they will determine whether they are able to make you an offer above your surrender value.

On many policies you can achieve an offer significantly more than the surrender value. Endowment policies need to be traditional with profits endowment policies, at least five years old and with a minimum surrender value of £5000.

Why do people surrender or sell with-profit policies?

The reasons are varied but are usually attributed to a change in circumstances such as redundancy, divorce or a change in mortgage arrangements. In normal circumstances, it is best to continue with a with-profit endowment to maturity, but for various reasons this often does not happen. It is important for anybody thinking about encashing a policy to consider all options. These are:

  • Surrendering endowment policy direct to the issuing life office.
  • Borrowing against the policy, either from the issuing life office or from a bank using the policy as security.
  • Making the endowment policy 'paid up' which means no further premiums are payable on the policy, but reduced benefits will be received on death or maturity.
  • Auctioning the policy. Selling endowment policy on the second-hand tep's market.
    • Policyholders should also remember that if they surrender or sell their endowment policy they will lose the benefit of the life assurance protection, and if their policy is with a mutual life office which subsequently demutualises they would lose the potential of any windfall payments. However if you have considered these alternatives and have decided to encash your with profit policy then esp should be able to help you get the best price.

    The Teps Market

    Every year approximately £90 million is lost by people who surrender endowment policies back to the life companies. Most people are not aware that there is a thriving second-hand market in endowment policies and a large number of market makers eager to purchase unwanted with-profit policies to sell on to individual investors or specialist investment funds.

    TEP Market makers are often prepared to pay a substantially higher price for these policies than the insurance companies endowment surrender values. Somewhat surprisingly however, there can be a large variation in the offers made by the various market makers and therefore people who have made the right decision to sell rather than surrender, may not ultimately achieve the best price unless they make use of a service like ours.

    Using a Tep Broker

    By submitting basic information on your policy, brokers are able to consider offers and quotations which may and almost certainly will be better than the surrender value of with profits policies.

    Check the following list to see if your policy will be of interest to the TEP market makers.

    • Is issued by an established life insurance company ?
    • Is a traditional with profits endowment or with profits whole of life policy ?
    • Has run for at least five years ?
    • Has it an endowment surrender value of at least £5000 ?
    • Fill our form to reach top market makers and receive an opinion on your policy.


     Find Your policy and use our fill-out form below for an opinion.





    Life policies suitable for sale in the TEP market must be ;

    1. traditional with-profits endowment policies
    2. more than five years old
    3. with a surrender value greater than £2000.

      Find your Policy and use the fill-in form to get a quotation from TEP market makers AAP. AAP will carry out an evaluation and send you a written quotation. Information submitted is completely confidential.

     




    TEPmarkets
    Sell to TEP market makers
    http://tepmarkets.co.uk     		  Rebayte
    General shopping categories
    http://rebayte.co.uk     		  UKCityMedia
    Private investors news site http://ukcitymedia.co.uk     		 Ticketsworld
    Sports and all event tickets
    http://ticketsworld.co.uk     		 Homesplaces
    Regional community sites
    http://homesplaces.co.uk     		 Lowestcostflights
    Low cost flights booking
    http://lowestcostflights.co.uk




    All rights reserved    Low APR Credit . Simply - Pages relating to minimising consumer costs and maximising benefits offered by the best, reputable sources    © Site Privacy - We do not database any visitor information unless forms filled.




    Selling an endowment - This page has explanation of the traded endowment market - If you wish to surrender your endowment back to the life company you could get up to 35 % more by selling to a tep broker as a traded endowment. Info on selling endowment policy. Cashing in life assurance to tep brokers. Surrendering Selling an endowment life policy