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Selling endowments early life policy cash-in value endowment policy teps trading redeeming an endowment sell to tep broker early cash-in value of endowment policies life assurance quotations qualifying life policy surrender tep,s advice endowment deals surrendering with-profits life insurance policies redeption of life policy

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Selling endowments early cash-in value of endowment policies surrendering endowments, with-profits policy surrender

Traded Endowments

TEPs Explained

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Endowment Mortgages

Your policy may be tradable if it is in the following list.

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Endowment Selling

If your With Profits Endowments Policy is no longer wanted, think before surrendering it back to the life company.

AAP, Absolute Assigned Policies are the leading buyer of "with profits" endowment policies. If you provide the details of your policy to them they can determine if they are able to make you an offer, will write to you direct.

On many policies you can achieve an offer significantly above the surrender value. AAP are usually able to make an offer on endowment policies that are traditional with profits endowment policies, at least six years old and with a minimum surrender value of £5000.

Why do people surrender or sell with-profit policies?

The reasons are varied but are usually attributed to a change in circumstances such as redundancy, divorce or a change in mortgage arrangements. In normal circumstances, it is best to continue with a with-profit endowment to maturity, but for various reasons this often does not happen. It is important for anybody thinking about encashing a policy to consider all options. These are:

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tepmarkets online direct to endowments market makers

Surrendering endowment policy direct to the issuing life office.
Borrowing against the policy, either from the issuing life office or from a bank using the policy as security.
Making the endowment policy 'paid up' which means no further premiums are payable on the policy, but reduced benefits will be received on death or maturity.
Auctioning the policy. Selling endowment policy on the second-hand tep's market.

Policyholders should also remember that if they surrender or sell their endowment policy they will lose the benefit of the life assurance protection, and if their policy is with a mutual life office which subsequently demutualises they would lose the potential of any windfall payments. However if you have considered these alternatives and have decided to encash your with profit policy then esp should be able to help you get the best price.

The Teps Market

Every year approximately £90 million is lost by people who surrender endowment policies back to the life companies. Most people are not aware that there is a thriving second-hand market in endowment policies and a large number of market makers eager to purchase unwanted with-profit policies to sell on to individual investors or specialist investment funds.

TEP Market makers are often prepared to pay a substantially higher price for these policies than the insurance companies endowment surrender values. Somewhat surprisingly however, there can be a large variation in the offers made by the various market makers and therefore people who have made the right decision to sell rather than surrender, may not ultimately achieve the best price unless they make use of a service like ours.

Using a Tep Broker

By submitting basic information on your policy, brokers are able to consider offers and quotations which may and almost certainly will be better than the surrender value of with profits policies.

AAP liase with market makers to identify the best possible price for policies. With their knowledge of the individual market makers and requirements, they can usually negotiate substantially higher cash offers than an individual going it alone. It is quite usual for brokers to achieve sale prices above the insurance company surrender valuations and sometimes on certain policies, may obtain significantly more the surrender value.

AAP provide an execution-only service for clients who have already made the decision to encash their with-profit policies, meaning that we will not offer advice or exercise any judgement on the merit of any policy sale.

If you wish to receive independent advice regarding the alternatives then please contact an independent financial adviser.

How to contact AAP

AAP will research the market and provide a quotation for your with-profit policy, complete one the enquiry forms and click the send button.

Check the following list to see if your policy will be of interest to the TEP market makers.

Is issued by an established life insurance company ?
Is a traditional with profits endowment or with profits whole of life policy ?
Has run for at least six years ?
Has it an endowment surrender value of at least £5000 ?
Then AAP should be able to quote for your policy.

The service is Confidential Free without obligation. Remember that if you want a quote you will need to find the policy documents at some point. You will be better off finding those documents and filling out medium or extended form which sets out exactly what are required and avoids numerous iterations by telephone and post.

Phone

AAP on 0208 732 5865

Short Form

Medium Form

Extended Form

- To ask AAP to contact

- Add requirement details

- For a full quotation

Get an opinion from AAP now !

Latest "endowments" news articals

Survey reports falling endowments nationwide (The Brown Daily Herald) By: Heeyoung Min University endowments nationwide saw an average endowment loss of 18.7 percent for the last fiscal year, according to a report with data from 842 institutions compiled by the National Association of College and University Business Officers and Commonfund....
06:35 AM 02/09/2010

Rutgers U. endowment, $509M, fares well despite economy, report says (The Star-Ledger) Mike Nixon/The Times of TrentonRutgers Old Queens building on the New Brunswick campus of Rutgers University.NEW BRUNSWICK -- A study reported by the Daily Targum said Rutgers University's endowment is doing well compared with the endowments of colleges and universities...
01:57 PM 02/09/2010

Ex-Financial Adviser Is Sued by Wesleyan (New York Times) As the economy eroded college endowments around the country, money managers in academia worked tirelessly to contain the damage. Everywhere, that is, but at Wesleyan University , at least according to a lawsuit that the university has brought against its former chief investment officer.
11:11 AM 02/08/2010

University endowment declines (The Daily Orange) Syracuse University experienced a 33.2 percent decline in endowment funds from July 1, 2008 to June 30, 2009, the highest percentage drop for a top 100-endowment university in the United States, according to the NACUBO-Commonfund Study of Endowments. Institutions saw an average decrease of 18.
07:56 AM 02/09/2010

U. endowment climbs despite economic woes (The Daily Targum) By: Greg Flynn A new study reports the University’s endowment is doing well in comparison to the endowments of other colleges and universities. Clocking in at $508.8 million, the University’s endowment and other similar funds shot up 13 spots in the National...
04:33 AM 02/09/2010

University endowments down (The Florence Times-Daily) By Michelle Rupe Eubanks Staff Writer FLORENCE - College and university endowments took a beating in the last two years thanks to the economic meltdown, but there are indications a turnaround is under way. Alan Medders, vice president for advancement for the University of North Alabama, said the endowment at the four-year school took a hit, too.
05:08 PM 02/05/2010

Endowment collections decrease (The Florence Times-Daily) By Michelle Rupe Eubanks, Staff Writer College and university endowments took a beating during the past two years thanks to the economic meltdown, but there are indications a turnaround is under way. Alan Medders, vice president for advancement for the University of North Alabama, said the endowment at the four-year school took a hit, too.
09:39 AM 02/08/2010

Endowments at UNC, Aims taking a hit (Greeley Tribune) Despite encouraging signs to end 2009, the recession has nevertheless battered endowments at colleges and universities across the nation. Aims Community College has continued to halt distribution of its endowment scholarships while UNC has also suffered substantial losses in its endowment portfolio - a microcosm of the poor financial landscape that has seen the value of college and university ...
08:05 AM 02/05/2010

University endowments across Texas fell in 2009 (The Battalion) A trend among U.S. universities reveals trouble, according to a study released by the Commonfund Institute, a nonprofit group that polled 629 educational endowments on results. Endowments at several schools lost nearly one fourth of the value.
04:48 AM 02/05/2010

Ziegler Places First CCRC New Community Financing of 2010 (Marketwire) CHICAGO, IL--(Marketwire - February 9, 2010) - With the New Year in full swing, so too is the tax-exempt senior living finance sector. Ziegler ( PINKSHEETS : ZGCO ) is pleased to announce the successful pricing of the Aberdeen Heights financing. Aberdeen Heights is a new continuing care retirement community (CCRC) sponsored by Presbyterian Manors of Mid-America, Inc. The CCRC will be built in ...
03:29 PM 02/09/2010

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