Best price endowment selling process and the future of TEPs
Below is a MRR and PLR article in category Business -> subcategory Other.
The Best Process for Selling Endowments and the Future of TEPs
Many holders of with-profit endowment policies choose not to wait until maturity to cash them in. Unfortunately, the surrender values offered by insurance companies often fall short of the market value. This discrepancy has led to the development of the Traded Endowment Policy (TEP) market, which connects those looking to sell with investors eager to buy.
The TEP Market
Every year, over 100,000 people decide to either sell or surrender their endowment policies. Initially taken out for 25 years, most policyholders opt to cash in before maturity. However, insurance company surrender values are typically lower than the market potential, attracting investors to purchase these traded endowment policies as part of their portfolios.
In 2003, the government noted that eight out of ten endowment policies were unlikely to cover the mortgages they were intended for. Nearly 70% of those affected have since taken action, either by re-mortgaging, seeking financial advice, or applying for compensation. However, around 700,000 individuals had yet to address their endowment shortfall.
With 2013 predicted as a peak year for endowments reaching maturity, timely selling of these policies remains the best option.
Selling Your Endowment
To begin the selling process, policyholders can contact TEP brokers who work to secure a better deal than the current surrender value. This service is free and without obligation, as offered through websites like [Best Price Endowment](http://www.bestpriceendowment.com).
Offers made by Best Price guarantee a higher return than the surrender value from your life office. Once an offer is accepted, simply complete the acceptance form. The policy details are then verified, and the buyer integrates the policy into a portfolio with others, ranging from 5 to 300 policies. The sale is completed as swiftly as possible with the help of a Financial Services Authority (FSA) authorized organization like Integrity Financial Services Ltd.
Get in Touch
For more information or assistance with selling your endowment, contact Integrity Financial Services:
- Phone: 08701 287 330/1/3
- Fax: 08701 287 334/5
- Email: enq@ukintegrity.co.uk
- Address: Silvester House, Silvester Road, Waterlooville, Hampshire, PO8 8TD
When considering the sale of your endowment policy, partnering with a respected and regulated organization ensures a secure and straightforward process.
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