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