| The traded endowment market exists because over | | | | details are forwarded to the trader who will endeavor |
| 100,000 people each year decide to sell endowment | | | | to beat the current endowment surrender value. This |
| policy or surrender endowment.Most endowment life | | | | service is completely free of charge and there is no |
| insurance policies were originally taken out for 25 | | | | obligation if you log on to offer made by Best Price, to |
| years, but the majority of policyholders never wait until | | | | sell your endowments, will be higher than the current |
| maturity for cashing in endowment and surrender | | | | endowment surrender value offered by the respective |
| them. In many cases, the endowment policy surrender | | | | life office. If you decide to accept the offer, you simply |
| values offered by insurance companies are less than | | | | need to complete the acceptance form and return it to |
| the market value. In addition, investors are keen to buy | | | | them.After receiving your offer acceptance letter, they |
| traded endowment policies as part of their investment | | | | approach the life office to clarify the policy details. The |
| portfolios. The market exists because there are | | | | endowment policy buyer then looks to place the policy |
| people willing to endowment cash in and people | | | | into a portfolio with other policies. There can be |
| wanting to buy them for investment purposes.In 2003, | | | | anywhere between 5 and 300 policies in a single |
| the government estimated that about eight in ten of | | | | portfolio. As soon as the endowment policy is |
| the endowment policies then in force were unlikely to | | | | reserved into a portfolio, they will look to complete the |
| pay off the mortgages they were taken out for. Since | | | | sale as soon as possible. The Endowment selling |
| then, nearly 70% of those facing a shortfall have | | | | process is as simple and secured as that if you |
| re-mortgaged, sought financial advice or applied for | | | | contact an F.S.A (Financial Services Authority) |
| compensation. However, about 700,000 people had still | | | | authorized and regulated organisation like Integrity |
| done nothing about their endowment shortfall. The | | | | Financial Solutions Ltd.For further details or selling |
| general rule is that, people must complain within three | | | | endowment, one may contact Integrity Financial |
| years of receiving their first "red letter" - outlining a | | | | Services. Phone: 08701 287 330/1/3 |
| likely shortfall - from their insurance company or lender. | | | | Fax: 08701 287 334/5 |
| Under industry rules, insurers are allowed to ignore | | | | Email: enq@ukintegrity.co.uk |
| complaints made after the time bar comes into play. | | | | Address: Silvester House |
| Specialists say that, '2013 will be the peak year for | | | | Silvester Road |
| endowments reaching maturity'. Nevertheless, | | | | Waterlooville, Hampshire |
| endowment life insurance policyholders now can | | | | PO8 8TDThe author has years of first-hand |
| imagine the future awaiting them and selling | | | | experience in TEP market. She is presently working to |
| endowment policies on time is the best option | | | | help endowment policy holders to get the best in the |
| ahead.The endowment policy selling process starts | | | | market. |
| when the owner contacts with the TEP brokers. The | | | | |