Quick Cash by Selling Your Endowment Policy

If you are looking for quick cash, have you ever thought of selling your endowment policy? Yes, selling your endowment has the ability to make you cash in right away. However, this does not mean that you have to settle for the insignificant amount your insurance form is offering. There is a better way to go about this.
You will never know when you will have the need for immediate cash. There is no way to foretell what the future may hold. There will be situations when you will need cash right away. However, there are also times when there is not enough cash available.
The situations may vary. You may need it for emergencies. There may be an immediate need. You might need it to settle loan payments. You might need money to avoid foreclosure. You may need it for an opportunity that you cannot pass you by. For whatever the reason, there will be instances when you will need immediate cash right away.
Some people cash in by selling back their endowments to the firms where they purchased them from. However, this is not the wisest choice to take. These forms will only offer an insignificant amount for cashing in early. This amount may not be enough to satisfy your needs.
The answer lies in selling your endowment policy. This way, you get to sell your life insurance policy at a much higher value. With a much higher selling value, there will be more money at hand. This is the best option you can take.
There are various firms that will offer to buy these policies from you. There is a reason why they do this. They do this for investment purposes. In the long run, they will profit from buying your policy from you. It is a win-win situation for both sides. They earn more from their investment, and you get immediate cash for whatever needs you may have.
Although you do not get the entire amount compared to when the policy matures. It is still higher than what the insurance firms have to offer. You can get an offer that is much as 30% higher than what insurance firms have to offer. This is the most viable option you can take when selling your endowment policy.
In a rocky economy, there are more and more people that are in need of immediate cash. There are so many people who are getting desperate. There are just less opportunities to go by. This is when selling your endowment policy will be the best option for you to take. This way, there will be no more need for you to despair. When it comes to selling endowment policies, you no longer have to depend on the insignificant amounts insurance firms have to offer. There are other options you can take. There is a way for you to get more value for your life insurance policy. There is a way for you to get more money. You get quick cash by selling your endowment policy.

Get More For Your Endowment Policy

In the UK many people were advised to get an endowment policy for their mortgage. It was common practice, if you were going to buy a house and needed a mortgage you would get an endowment policy to run alongside the mortgage. Every one accepted this practice and many people went for these endowment mortgages rather than straight forward repayment mortgages. Whilst this worked fine for many years a recent period in the UK of poor performing policies and dips in the stock market has meant that many peoples endowments have not realised there full value.
An endowment is a policy you take out from an insurance company when you take on a mortgage. The mortgage advisor would explain the type of policy and level of premiums you would need to cover your circumstances. The endowment would usually be taken out over the same period as your mortgage so if you have a 25 year mortgage you would also get a 25 year endowment.
For the period of the policy you would pay your monthly premiums, each month that premium would go towards your endowment. This endowment is usually a mixture of stock market investments which generally increase in value of the long term. The hope is that your premiums invested wisely in your endowment will realise a value at the end of the term of at least the value of your mortgage.
You can take out endowments of differing values but generally the more you pay in premiums the greater the maturing value of the policy will be. If you have a large mortgage you are going to have to pay higher premiums to reach that higher maturing value to cover the cost of your mortgage.
Many endowments were miss sold and that lead to their being a gap between the final value of many endowments and the actual amount owed on the mortgage. To cover this home owners have had to increase their premiums or surrender their endowment and get a straight forward repayment mortgage.
If you wanted to realise the value of your endowment policy you have a couple of options. The most obvious option is to cash in the policy by selling it back to the insurance company. This may be an option if you need the cash for some reason or you have found out your policy is not going to be substantial enough to cover your mortgage.
Whilst surrendering your endowment is one option it is not always the best option to realise the best return. There is a second hand market for endowments where investors look to buy your policy and use it as an investment or sell it on. By selling your endowment on the second hand endowments market you can get more money than you would otherwise have gotten by surrendering the policy.

Mis-Sold Endowments - An Analysis

Many people were aghast to find that the nearly too-good-to-be-true endowment mortgage was, well, exactly that. As the time neared for them to reap the gains they'd been promised, they saw that the policies they'd purchased simply wouldn't be enough to cover their intended purpose, which was usually to pay for their mortgage. The reason for this wasn't merely the economic times, but that many -- most -- companies had promised returns that they couldn't justify, in order to get them to buy the endowment policy. The magnitude of the problem, particularly in the UK, is highlighted by the fact that, to date, UK banks and insurance companies have had to pay back consumers over 2 billion pounds in restitution...
As with many bonds from the securities industry over the years, fraud isn't realized for quite a few years, if the purchasers are lucky. Mis-selling of endowments was a cancer that only burgeoned a decade or more after their initial offering, as many bright-eyed and confident investors realized that the endowment policies they'd bought to cover the cost of their mortgages were going to fall far short of the advertised returns. Sadly, endowment policies have received a bad rap because of the advisors who mis-sold buyers, when endowments are actually a potentially very good investment vehicle - when used correctly and without ill-intent -- that are akin to mutual funds.
What Is An Endowment Mortgage?
The so-called endowment mortgage was originally intended to function as such: the purchaser, upon obtaining a policy, would only have to pay interest on their mortgage, and pay the premiums on an endowment policy that would ultimately -- upon maturity -- pay the principal amount, also known as the capital. Thus, if you had a $250,000 interest-only mortgage with a 15-year term, at a rate of 5%, you would pay around $600 monthly + the cost of the policy (which was small comparatively). Roughly, then, you would pay slightly more than half monthly of what you should be paying without an endowment mortgage, and obtain money in addition to a paid mortgage by the time of maturity. Overall, you were supposed to come out on top; significantly on top, in fact. How is it that you could seemingly get "something-for-nothing"?
The only plausible way, as you might have guessed, has something to do with the stock market. An endowment is really just an investment portfolio of various securities and bonds, which of course, generally boast returns greater than any other form of relatively secure investment (consider the S&P 500, for example). Unfortunately, for some reason or other -- likely small instances of fraud that ultimately added up, such as extra bonuses to executives or advisers, etc - the performance of the endowment policies didn't match up to the promise and expectation. That the financial services sector is culpable is without question, no matter the speculation as to the exact reason.
Picking Up the Pieces
The only thing left for literally millions of people who were/are victims of endowment mis-selling, and discovered that their policy would most certainly not cover their impending mortgage, is to file a complaint. Unfortunately -- but necessarily -- there is a time limit for such complaints, after which they won't be honored. Nonetheless, as there are thousands of pounds (tens-of-thousands, on average) involved, it is always worth pursuing an endowment mis-selling claim even if you believe the time for filing a complaint is passed. Visit the FSA for more information, and be sure to avoid paying anyone to file the claim for you; no matter what they promise, they cannot get it to you faster than if you did it yourself; nor, could they get you more money.

Sell Endowment Policy - Should I Sell My Endowment Policy?

I have found several advertisements in national papers recently from companies selling endowment policies. However, which is the best option to get the best return if you want to sell your endowment policy?
It is estimated that over 4 million with-profits endowment policies were sold by insurance companies in the nineteen eighties and nineties. These policies were designed to last for up to 25 years and increase in value each year as a bonus is added to the amount of money that you paid in every month plus an estimated big bonus at the end of the term. Most of these policies were estimated on annual bonuses accruing at up to 9%, however in reality, with the fall in interest rates over the last 10 years, most policies are currently returning less than 1% per year.
These with-profits policies were sold as a means to repay an interest only mortgage at the end of the mortgage period. Industry experts now predict that 9 out of 10 policies will not reach their target figure to repay the mortgage. With nearly 4 million policy holders having been informed by their insurance companies of the potential endowment shortfall, there is a big market out there for Traded Endowment Policies.
Many people have now made other provisions for paying off their mortgage, like converting them to a repayment type where the monthly payments include both interest and capital. Also the variety of different mortgage deals available now is huge compared to those available in the nineteen eighties and nineties.
Fixed interest term mortgages are becoming more popular nows from one year up to even as much as fifty years are now available and they offer the customer a chance to fix their payments for what ever period of time that they sign up for. This is a great way to protect yourself against rising costs, especially when your income is being squeezed in these times of financial uncertainty across the world. Tracker mortgages are also available which tie in the interest rate that you pay to the bank lending rate. This especially helped me to get a great deal when interest rates were falling.
So what do you do with your old, unwanted and outdated endowment policy?
Selling endowment policies may give you a better return than just to cash in or surrender your endowment policy. However you may want to replace the life insurance component with a more suitable product.

Selling Endowments

Many homeowners in the UK during the 80's and 90's purchased endowment policies. They were sometimes called mortgage endowment policies. These policies were a form of insurance and investment savings that would cover the final cost of the home mortgage when it came due. The policy holder would make monthly payments and these payments were to cover their mortgage and provide for some savings.
Despite intentions or promises, investments can vary in end value, and these policies did not come with a guarantee that they would pay out enough to repay the mortgage at the end of the policy term. What's occurring now is the endowments have a shortfall and cannot pay the owners mortgage payments. In some cases, endowment holders are reporting shortfalls of tens of thousands of pounds.
That has resulted in a lot of stress and disappointment for the policy holders. Many in a state of frustration are surrendering them to the issuing life companies for much less than their value. Life companies include Norwich Union, London Life, Scottish Widows, Prudential Life and many others.
Selling on the Secondary Market
Finance companies have appeared who help find buyers for these policies. Endowment policies can be traded, bought or sold on the open market. A few of the endowment policy trading firms have access to extensive numbers of potential buyers who are looking for the right type of policies to purchase. That means sellers can access buyers who are more interested in their particular policy and that results in a higher price.
Left to their own devices, endowment policy holders don't have access to the right services. Without a strong base of potential buyers, they're not likely going to receive the full value of their policy.
What is a Traded Endowment Policy?
Traded endowment policies or TEPs are policies which the original policyholder has sold and that includes the assignment of all future benefits. Endowment policies are long-term and fairly rigid in design. Many policy holders realized that the endowment policies do not meet their changing financial circumstances and goals. They can borrow against the value of the policy as it is considered a viable asset by banks and finance companies. They can also unload the endowment policy by selling them.
Only about a third of all endowment policies reach full term, (e.g., 25 years). Many are or were cancelled within a few years of their conception. That leaves about a third that may reach full term.
Traded Endowment Claims
Endowment policies were sold as a savings instrument that would help to cover long term home mortgages. Many didn't and won't and that has resulted in a lot of legal or mis-selling claims and the assurance companies who issued them. Financial services firms are offering to help with the process of policy holders selling their policies. To avoid scams and ripoffs in the UK, you should not sell your policy via any firm that does not adhere to the dictates of the Financial Services Authority's Mortgage Endowment Department.
There are numerous companies brokering or selling endowments and policyholders are recommended to ensure these companies are governed by the FSA in the UK.

Should You Refinance Your Endowment Policy?

Are you tired of paying for an endowment policy which you now fear may never pay off your mortgage? Would you be better off walking away? In this article I want to look at the options that people with the once popular endowment policies now have.
Back in the 1980's endowment policies were seen as low-cost and low-risk ways of saving for your retirement. Unfortunately the reality has been a little different from that which was promised by the keen insurance agents who promoted the policies to British home-owners at the time.
An endowment policy is a combination of life insurance and stock investment all backed by a mortgage against your home. Typically the policy owner has an interest-only mortgage against the property and the capital is invested into managed funds or the stock market. The gains of the market were supposed to pay off the home mortgage at the end of the policy's term - usually 25 years.
Unfortunately the low interest rates and turbulent stock markets of the last couple of decades have exposed endowments as being high cost inflexible investments which few people would invest in today.
So if you are the unhappy owner of an endowment policy what are your options? Well you may have more than you realize. Most policy owners would only think of selling their policy back to the company that they bought it from. But when they find out how low the surrender value is they are usually disappointed and feel they have no option but to stay invested in the endowment.
Selling to the original company is not your only option though - there is a healthy second hand market of buyers who are prepared to buy your endowment policy. The easiest way to find these potential investors is to go through an on line endowment mortgage brokerage - these agents will take a cut from the price but you may still get substantially more than the surrender value of the policy with the original company.

Endowment Policy Buying Guide

Endowment policy is a combination of life insurance and investment growth saving plans. It is a premium based package that is valid for a specified period. The premium paid by the policy holder into the endowment is invested by policy office in the stock market. On the maturity of the endowment policy the policy holder is paid the agreed amount along with bonuses. Incase the policy holder dies in mid-term then the insurance amount is paid to his beneficiary. Endowment policies are also used for repaying the mortgages but incase of endowment mortgage the monthly premium will also include the interest on the loan.
Evaluate your needs: There are various types of endowment policies namely non-profit Endowment Policy, Traditional With Profits Endowment, Low Cost Endowment Policy, Unit Linked Endowment Policy, and Traded Endowment Policy. Each has its own pros and cons as their workings and methods of growth are different from each other. It is advisable that the policy holder should evaluate his financial needs and consults a professional before buying an Endowment Policy. Educate yourself to understand the features of each type of insurance policy and then select the policy that benefits YOU personally and suits YOUR needs.
Check the reputation of the insurance company: Make sure you select the top endowment company for buying an endowment policy. The reputation and previous records should be checked thoroughly before making the final decision to buy an endowment. Find out the company's market standing. Don't trust your agent blindly and verify the facts yourself. Go for company with credible ratings given by a credible agency.
Evaluate the Front-End Loading: The set up cost, administration charges and commission payments are usually higher in the early years and are hidden within the monthly premiums. These initial costs are known as front end loading. Therefore, before you choose an endowment find out the charges and past performance of the fund.
Check the Endowment Mortgage Fee: Incase of endowment mortgage, calculate the mortgage fees carefully and try to evaluate the mortgage package before buying an endowment policy. At times, the lender charges additional front loan or processing fee, so carefully plan the investment to avoid defaulting.
Endowment Selling and Surrendering Options: A good alternative to surrendering is endowment policy selling. In this, the policy holder can sell the policy in TEP market and fetch a fair value of the policy. The main advantage here is that the policy holder usually gets much more than the surrender value offered by the insurance company.
More Endowment Policy Buying Tips

• Take help from a financial consultancy as it is a long-term investment.
• Check the amount of premium payments and your affordability.
• Carefully read and review the insurance agreement before signing for it.
• Invest only if you intend long-term investment as surrendering it in early years can prove costly.
• Do thorough study and clear out all your doubts with insurance company and the financial advisor before you strike the deal.
• Check the flexibly plan and alternate options for protection against uncertain changes in your financial needs.

Endowment Surrender: How To Avoid Getting Short-Changed

Endowment surrender allows you to reclaim some of the value from your endowment policy by surrendering it back to the insurance company that sold it to you. The amount you receive when you surrender your policy is often significantly less than the actual value of the policy, but if your personal circumstances mean that you have to free up some of the capital you've invested in the endowment policy, you may feel like you have no choice but to accept the reduced amount offered by endowment surrender.
Don't Surrender Your Endowment - Sell It!
Many people who opt for endowment surrender are simply not aware that there are other options available to them. There is now a legal requirement for insurance companies to notify customers that endowment surrender is not the only way to recover value from their policy.
When you sell your endowment you could receive up to 35% more than the endowment surrender value of your policy. Provided your endowment is a sufficiently mature with-profits endowment policy, finding a buyer for your endowment policy is simple.
Endowment Selling Vs. Endowment Surrender
So if you need to convert your endowment policy into cash, make sure you look into selling the policy before you consider endowment surrender. Endowment surrender should always be your last resort - if you want to maximise your return from your policy, it definitely pays to be aware of all your options and look into how to sell your endowment policy. Endowment selling has become increasingly popular in recent years, and you'll find the process is much more straightforward than you might have thought. Some companies will tackle all the legal paperwork for you completely free of charge; they will even talk to the life company on your behalf once you have provided them with a simple signed authorisation.

How Selling Endowments Can Help Your Financial Future

Selling an endowment is something any non profit making institution no matter the size or type, can achieve. They can ensure the future of the institution with a financial Endowment.
Financial endowments really are just acquired funds that are somewhat restricted, where interest spending is the only permitted option of spending the money received from an endowment.
Generally, only a small percentage of the endowment earnings and interest, usually 5% are spent yearly to guarantee that the main funds develop and grow in time.
Some institutions and Professional money managers develop the practices of overseeing their endowment moneys, usually investing the funds in other areas, especially in the stock market and other investment avenues.
The main people who benefit from Selling Endowments are schools and universities. These endowments allow them acquire up large amounts of money over the years. These universities usually reinvest part of the interest received each year, allowing the main investment to grow in size.
If you own an endowment, you basically have four options. You can sell or surrender your endowment, or keep it while deciding to continue paying for it or not
It is very important that you don't move rashly. Surrendering or Selling Endowments early or stopping repayments could leave you out of pocket so it's crucial that you calculate the sums very carefully.
If you think it is necessary, you could see if you can get financial advice from an independent professional or person. I cannot stress enough on the fact that is important when deciding whether to surrender, keep or sell endowments. Please make sure that you have gone through all the potential losses and benefits you could get from these options.

UK Mortgage Default - May Be the Right Time to Sell Your Endowment

Avoiding Mortgage Default by Selling Endowments
The IMF just issued a warning about all economies globally. Only one country received a lower vote of confidence than the UK, and that was Italy. Although some countries such as Canada have strong commodity prices that support a more optimistic view for them, commodity prices have fallen sharply. The Canadian dollar for instance on October 10th, 2008 dropped to its lowest level in many years against the US dollar. The IMF then will likely issue many adjustments to its impression of global economies. Overall, however, it doesn't look good.
The UK banking system was hit very hard by events in the US banking industry, particularly the sub prime mortgages. Some banks were over exposed to mortgage debt and when the credit crunch hit, some were facing bankruptcy. Several mergers and acquisitions have taken place, and the end may not be near as far as bank failures are concerned. With unemployment rising, many homeowners will find paying their mortgages in the short term quite a task.
Those with large investment portfolios similarly are seeing the value of their securities falling to frightening lows. On October 7th, the UK stock market suffered its worst loss in its history. The FTSE-100 index of Britain's biggest companies dropped over 391 points to end the day down 7.9 per cent.With credit tightening worldwide, the number of business casualties will only climb and the depths to which the UK stock market hasn't quite been plumbed yet.
The UK Credit Crisis
The tightening of credit may mean only the very best qualified borrowers will be able to access a mortgage. While in London, New York USA mayor Mike Bloomberg said the looming crisis "is going to affect anyone who wants to borrow money to buy a car or a house or to expand their business or take out a student loan."
To make things worse, the UK inflation rate has hit an astounding 5.2% according to the Consumer Prices Index, the Government's preferred measure of inflation. This adds up to a situation where consumers may not be able to pay their mortgages. Those without funds to fall back on, may end up seeing their homes repossessed by lenders.
Time to Sell Your Endowment?
Mortgage endowments were a very popular financial instrument sold in the 1980's that offered life insurance and investment return. Mortgagees would be able to pay off their mortgages when they came due and still have a little more left over. Unfortunately, the highly inflationary 80's had very interest rates, which fell through the 90's and into this century. Many endowment policy holders discovered they would not pay out what they needed to pay their mortgage coming due after 25 years.
These endowment policies can be sold on the secondary market or sold to the issuing financial company. Many policyholders were hanging onto their policies hoping interest rates would rise and they would grow in value, thus covering the mortgage coming due. Unfortunately, interest rates didn't rise. Recently Uk interest rates have risen, but it's too little too late for the majority of policies sold.
Those with endowment policies might consider selling them to endowment brokers. These brokers have access to a broad range of investors who value them as solid investments. It's a great opportunity for endowment holders who would otherwise be stuck with a policy that wouldn't provide enough to pay the mortgage. Although interest rates are rising, it is unlikely banks will be paying out a great deal on securities and policies. They're in a struggle to survive and will not be generous in the next year.
If you sell your endowment to the issuing financial firm, you may be surprised at what they're offering to redeem it. Some people are shocked at how little they offer. The only other option is to sell it on the open market. By selling it to endowment brokers, prices of 10% to 35% more than redemption prices have been achieved. On a larger policy, that can amount to ten thousand pounds or more.
If you're a homeowner facing mortgage foreclosure and repossession of your home, it might be a wise move to sell your endowment to protect your investment. That gives you time to recover later and perhaps get a second mortgage to help you manage your financial debt. If you've ever thought of selling your home and moving to another country, or moving to Scotland, now may be the right time to make that move. The key to happiness and financial success really is survival. Hopefully, you'll survive this UK recession well.

Why Sell Your Endowment Policies, And What to Look Out for Before Selling Your Endowment Policies

Endowment selling policies can be a tiresome activity. Why sell your endowment? How do you want to sell it? Will you make profit or lose money when it is sold? You have to think very well before selling your policies.
Although it is designed for the purpose of paying a huge sum after a definite period of time, but due to some circumstances that are beyond humane control people are forced to sell off their policies before the stipulated time. The reasons why people sell varies. Some because of financial problems so they need to sell for them to be financially buoyant, others believe that they can offset their mortgage through other means.
A lot of endowment owners, whenever they want to sell their policies are in the habit of selling it back to the company they bought it from, because they don't realise that they can also sell it to a third-party, which at times result to a more profitable deal.
Selling your endowment can be to your favor and come as a great benefit if you make a gain after your might have sold it. It is a good and easy way to raise money and still can be put toward paying of your mortgage, In addition people tend to sell their policies if they find out that the investment is not in their favor making them feeling as if they are wasting their money.
So think seriously before you sell your policies because you have to look at a lot of factors, like when you sell your endowment you immediately lose the life assurance cover that accompany it. There are various reasons which will affect the offer that you will be receiving for your policy, Most of them include if your policy is receiving yearly bonus updates, whether it is more than five years and value more than 2,000 pounds or more. So these are what you have to look out for before you decide to sell your endowment policies.

Selling Your Endowment? Make Sure To Weigh The Pros And Cons

Selling your endowment policy is undoubtedly a big decision. Surrendering your endowment policy is serious business. It makes sense to consult an independent financial advisor. He will help you compare offers and make a well informed decision. He will make sure you get the most for your policy. Rest assured that you will achieve the best possible price. The fee would be well worth your time and energy. When it comes to endowments selling, it is imperative to check your policy. Ensure that there is some value in selling endowment. In other words, you need to consider the advantages and pitfalls when you decide to sell your endowment. For the uninitiated, an endowment policy is a life insurance contract. It involves paying a lump sum after a specific term or on earlier death. Usually maturities are ten, fifteen or twenty years up to a particular age limit. A few policies also pay out in the event of critical illness. Policies are unit-linked or with-profits.
Endowments selling can be overwhelming. If you are looking to sell your endowment, you ought to familiarise yourself with the pros and cons of doing the same. You need to strategically weigh the pros and cons of selling endowments. An endowment policy can be surrendered or cashed in early. The holder is entitled to receive the surrender value. The insurance company determines this value depending on how long the policy has been running and how much has been paid into it. Early redemption can lead to a substantial loss but if you need money, it may be your only resort. When it comes to buying endowment, different companies have different requirements. Mostly the policy needs to be with-profits or a with-profits whole life policy that has been running for a minimum number of years.
Selling an endowment is no joke. It is unwise to suddenly stop making payments. It is foolish to cancel the policy without researching thoroughly. Make sure to seek competent financial advice and help. Remember that if you stop payments on a policy, it could lead to a major loss. You might end up losing any life assurance cover that it offered you. Endowment policies are good investment instruments. You might have to sell your endowment policy for various reasons. It is human tendency to invest money when money is available in surplus. Likewise, it is natural to withdraw the same when you are running out of cash. If you encounter a situation which compels you to sell your endowment policy, make sure to look at the best possible deals involving such transactions.
Selling endowments involves various complexities as far as final calculations pertaining to 'amount receivable' are concerned. Extensive research is important in such a scenario. Selling off your long held endowment policy is one of the biggest decisions of your life. You definitely can't afford to take chances with it. Compare offers, research thoroughly, plan meticulously. An endowment policy is a wise financial investment. It gives you benefits in terms of tax saving. It safeguards you against unforeseen or unexpected problems in the future. For more useful resource relating to endowment selling free to visit Endowment Selling Center

Best Price Endowment Selling Process and the Future of TEPs

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

Quick Settlement Through Endowments Selling

Are you the recipient of an endowment policy? If you are, the amount of time before the settlement matures may be too long for you. You may have an immediate need, and there is no way for you get the money right away. In case of emergencies or whenever a need presents itself, there will be no way for you to capitalize on your settlement. This was in the past. Now, you can make use of endowments selling.
We all know how these policies work. You will have to wait a considerable amount of time for you to enjoy the benefits. You have to wait for a number of years before you see any money. True, your future is secured, but you will have to wait for this time to come. Sadly, you never know when emergencies may come. No one wants to be stuck in a situation wherein you have no options.
These insurance firms may have the option to let you collect your settlement at an earlier date. However, the value of the settlement is too low for you to accept. The amount may not be enough to take care of the immediate need. Furthermore, the amount may not be enough to cover the initial investment of the policy. Cashing out early is just not worth it.
Through endowment selling, you are presented with much better options. With this option, you get a much higher value for your policy compared to the surrender value of these insurance firms. Compared to surrendering your policy, the amount you get from selling is much greater. This simply means that you get to take care of situations like emergencies in a much better way.
In today's troubled times, there is a greater need to have ready cash at hand. However, due to the financial crisis, there is just not enough ready cash to come by. This is when we have to make use of endowments selling. This presents us with options to take care of situations that need ready cash at hand. This way, you are always on your guard.
You may ask yourself how much more will you get from selling your policy? The value varies from policy to policy. However, it is still much larger than what the insurance firm has to offer for a surrender value. There are some policies that sell for 30% more compared to surrendering the policy. As you can see, the amount is much more significant.
Why are these policies purchased? Firms purchase these policies to gain more from their investment in the long run. This is why endowments are in demand. However, you have to understand that there are endowments that are more in demand compared to others. It is not the same for all policies. With this option, you not only get to cash out before your endowment matures; you get a higher value compared to surrendering it to the firm. This is a much better option for you to take. This is how you enjoy quick settlement through endowments selling.

Understanding What Endowment Selling is All About

For endowment selling to take place one has to be the owner of an endowment policy. An endowment policy is a policy taken out with an insurance company for over a specific period. The time frame can be anywhere from ten years to twenty years. It promises that upon maturity the holder will receive a guaranteed amount along with any bonuses or interests accumulated over the period. Should the policy holder die the beneficiary will receive the amount. Of course this is all subject to specific terms and conditions.
The holder of an endowment policy, traditionally called a with-profit endowment, basically expects that upon maturity the amount received from the insurance company is in excess of the sum assured. The holder usually has a plan for the monies; education for children and mortgage pay off may sit at the top of the list. The policy is usually taken out with an intent or purpose. The policy holder also has the option to partake in the act of endowment selling, which is interpreted as the sale of the policy to an external party outside of the insurance company. This allows the holder to sell the policy prior to maturity. The policy holder does have the option of surrendering the policy to the insurance company; however a third party sale would usually pay more than the insurance company would reimburse at any given time.
When endowment selling happens, an endowment policy is commonly referred to as a Traded Endowment Policy. A market has certainly developed over time for the purchasing of these with-profit policies as yet another form of investment. The sale can be initiated by the interested third party or the policy holder. Upon finalising the sale, all benefits, inclusive of that received upon death, passes to the new policy owner. The premium payments become the responsibility of the new policy holder until maturity.
Once the two parties involved have agreed to the endowment selling, the legal part of the transaction, involving documents will begin. The necessary paper work will be forwarded to the intended purchaser with a letter authorising access of information from the insurer. This allows for the obtaining of the surrender value of the policy and any other necessary information in order to arrive at the selling price.
When a policy holder is considering the process of endowment selling, it is advisable that some thought be given to the future before agreeing on a sale. Money may be required immediately which may leave no alternative but to sell. The policy holder should explore all possible options before proceeding with the sale. It is imperative that there is a level of comfort with the decision made to sell the policy prior to maturity. The flip side of this transaction is that the lump sum received from the sale can also be invested. The results of the investment being more than what would have been accumulated at the maturity date of the endowment policy.