Traded Endowment Policies
 

Traded Endowment Policies

  

If you are considering the opportunity to look at traded endowment policies your endowment policy you can achieve up to 40% more through Endowment Trade.

Many endowment policy holders consider sale rather than surrender because as long as the endowment policy is owned by the original mortgage holder all the extra cash is tax free so if you are considering to traded endowment policies look no further than Endowment Trade.

Endowment Trade has relationships with a large number of institutional funds meaning that when you want to consider traded endowment policies, Endowment Trade can offer you its best price first time.

1) Why should I cash in my traded endowment policy with Endowment Trade?

Endowment Trade has been a market leading UK supplier of traded endowment policies or TEPs to institutional clients since its launch in 2001 and is able to make you the best possible cash offer for your endowment policy. For some traded endowment policies this could be as much as 40% over the surrender value of the endowment policy.

2) Why do traded policy holders in the UK cash in their endowment early?

Cashing in traded endowments can be as a result of divorce or the need to raise cash for other expenditure purposes.

3) Why may traded endowment policy holders in the UK get more cash if they sell their endowment policy?

Life offices charges may be deducted from the cash surrender value of traded endowment policies thereby not reflecting its true cash market value

4) Will the Endowment Trade cash price may be a committed cash offer or a valuation only?

Endowment Trade only makes committed cash offers for TEPs and we are regulated by the FSA to buy endowment policies as principal.

5) Is any tax payable on the cash amount received for selling my traded endowment policy in the TEP's market?

No, provided the traded endowment policy was taken out to repay a mortgage endowment and not made as an a TEP's investment all cash received is tax free.

6) Are there any fees or hidden costs to be deducted for the cash offer you make for traded endowments?

There are no hidden or unhidden deductions or fees.

7) How long does it take to get a cash offer for my UK Traded endowment policy?

EndowmentTrade will make any offer within 5 working days of receiving you completed application.

8) How long does it take to cash in traded endowment policies with Endowment Trade once I have agreed a cash price?

On average 20 to 25 working days from receipt of complete documentation, subject to clear title from independent law society regulated solicitors the costs of which are covered by us for all endowment policies.

9) Can I cash in my endowment in the UK TEPS market if the original endowment policy document is lost?

Yes, provided the Life Office either confirms that they do not require sight of the original endowment policy document at claim stage or they provide a substitute / replacement endowment policy document.

10) Can I sell my traded endowment policy for cash if there is a loan secured on my endowment policy?
Yes, provided the lender is either willing to confirm that upon receipt or cash funds to repay their loan they will undertake to provide a letter of no further interest or they provide a letter of no further interest prior to the completion of the endowment sale in the UK traded TEP market.

Related Phrases: Teps - Traded Endowment - Traded Endowment Policies - Traded Endowment Policy - Traded Endowments

IMPORTANT NOTICE: PLEASE READ CAREFULLY.

THERE ARE SIX PIECES OF FINANCIAL INFORMATION RELATING TO YOUR POLICY THAT ARE REQUIRED TO BE COMPLETE AND ACCURATE BEFORE WE CAN PROVIDE YOU WITH A VALUATION.
  1. ISSUING LIFE COMPANY NAME AT START DATE. (MANY LIFE COMPANIES HAVE MERGED SINCE).
  2. EXACT START AND END DATE OF THE POLICY.
  3. BASIC SUM ASSURED OR BASIC BENEFIT (NOT DEATH BENEFIT).
  4. ACCRUED BONUSES UP TO 2006 OR 2007.
  5. PREMIUM AMOUNT AND FREQUENCY.
  6. SURRENDER VALUE (WITHIN LAST MONTH).
  • MUCH OF THE FINANCIAL INFORMATION REQUIRED TO COMPLETE THE APPLICATION FORM WILL BE ON YOUR ORIGINAL POLICY DOCUMENT AND YOUR MOST RECENT BONUS STATEMENT.
  • YOU MUST HAVE AN UP TO DATE SURRENDER VALUE WHEN SUBMITTING A POLICY FOR QUOTATION.
  • YOU CAN OBTAIN AN UP TO DATE SURRENDER VALUE BY CONTACTING YOUR LIFE OFFICE EITHER BY TELEPHONE OR LETTER.
  • ANY OTHER FINANCIAL INFORMATION THAT IS INCOMPLETE CAN BE MADE AVAILABLE BY THE LIFE COMPANY BY CONTACTING THEM BY TELEPHONE OR IN WRITING.
  • THE POLICY QUOTATION FORM IS FOR 'WITH PROFITS' POLICIES ONLY. IF THE LIFE COMPANY OFFICE IS NOT ON THE SCROLL DOWN BAR THIS IS BECAUSE THE POLICY IS UNITISED OR UNIT LINKED AND NOT WITH PROFITS AND THEREFORE NOT TRADABLE. PLEASE NOTE THAT YOU CAN TELL IF YOUR POLICY IS UNITISED BY WHETHER THERE IS A REFERENCE TO "NO OF UNITS HELD" ON YOUR ANNUAL STATEMENT.
  • ITEMS MARKED WITH AN ASTERISK (*) ARE MANDATORY.
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More Traded Endowment Policies Info

  

In 2007 research undertaken by Endowment Trade shows that policyholders who were interested in traded endowmnt policies totalled 80,000 and over £1.2 billion was sold rather than surrendered.

There are several reasons why an endowment policy holder may consider traded endowment policies and these include poor performance, divorce, a need to raise capital or simply that the endowment is no longer needed. In every case 1000’s of customers make Endowment Trade there number 1 choice when it comes to traded endowment policies.

Endowment Trade offers a hassle free service for those considering traded endowment policies and we employ an independent legal firm of solicitors to undertake legal checks at no cost to the seller.

There is no capital gains tax paid on an endowment sale or surrender provided the endowment policy was taken out to repay a mortgage by the owner of the endowment policy. There may be a capital gains tax liability if the endowment policy was purchased on the secondary endowment policy market as an investment.

As almost all endowment policies were taken out to re-pay mortgages rather than as an investment no capital tax gains liability will arise for most sellers of endowment policies.
 

Is It Easy To Trade? Traded Endowment Policies Valuation

  

The popular endowment policies for traded endowment polices are endowment policies with a minimum surrender value of £2,500 that have been running for at least 5 years.

When it come to traded endowment policies, Endowment Trade makes committed offers which will be sent normally within 4 working days if we can beat surrender value.

Remember when you are considering traded endowment policies, Endowment Trade offers a free service. Our staff are professionals trained in dealing with your policy valuation in confidence and without obligation. Call 0208 8714290

When considering traded endowment policies market Endowment Trade is regulated to buy endowment policies in its own name meaning that you will not be left waiting for a buyer as Endowment Trade only makes committed offers.

Related Phrases: Teps - Traded Endowment - Traded Endowment Policies - Traded Endowment Policy - Traded Endowments
EndowmentTrade is the online internet division of Oakwood Capital Ltd which is authorised and regulated by the Financial Services Authority. Endowment Trade acts on an execution only basis and does not offer advice as to whether or not you should cash in your traded endowment policy. If in doubt, seek expert financial advice.Address: Endowment Trade, Oakwood Capital Limited, 9 Lydden Road, London, SW18 4LT. Telephone: +44 (0)208 871 4290 Email: enquiries@endowmenttrade.co.uk.
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