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

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

Bulletin Board Home Page
Selling endowments early cash-in value of endowment policies surrendering endowments, with-profits policy surrender
Traded Endowments
TEPs Explained
Selling Endowments
Buying Endowments
Teps Taxation
Endowment Mortgages

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

Click NEXT

Endowment Selling

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

Surrenda-link 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. Surrenda-link 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:

tepmarkets online direct to endowments market makers

Traded Endowments RSS feed by

Traded Endowments News Feed

ukcitymedia news feed

Life assurance latest : Prudential, Resolution, RSA, Aviva, Gartmore

17/08/2010 - Company Reports, Endowments - 0 Comments - 440 words

Insurance firm Resolution intends to continue on the acquisition trail amonst insurance and life assurance companies and indicated that it hopes to add further businesses to its portfolio by the end of 2011.

Resolution bought the AXA UK life assurance business in June for £2.75bn and Friends Provident last year for £1.9bn and indicated that it would like add an asset management capability to its portfolio.

Resolution reported an operating profit of £203m after a £7m loss a year ago as new business profits jumped 153% at Friends Provident. Shareholder cash resources remained around £605m from £510m at the end of 2009.

Resolution added “the results reflect strong performances at Friends Provident International and Lombard while the UK continued to face difficulties, notably in the UK individual protection market. The UK results serve to reinforce the case for consolidation.”

Meanwhile, fund manager Gartmore have reported a 146% improvement in interim earnings before interest, tax, depreciation and amortisation although net sales came in below expectations.

Reflecting stock market investor dash for safety during the credit crunch Gartmore indicated that assets under management at end June were down at £19.9bn from £22.2bn previously. Gartmore earnings before deductions were £38.8m in first half, up from £15.8m at the interim stage of 2009.

Chief executive officer, Jeffrey Meyer added “We are focused on regaining momentum and believe we are attractively positioned to benefit from the continuing demand for absolute return products and the general growth potential of our UK Retail business." The group did not declare a dividend.

After Aviva rejected a £5bn bid interest from RSA last week, in companies general insurance businesses in the UK, Ireland and Canada. RSA has again made it clear that it believes a tie-up would make “strong strategic sense”.

Aviva, previously Norwich Union remains opposed to disinvesting its general and life insurance units and indicated that "highest value to shareholders will be delivered by retaining these businesses within the group”.

Pru chief executive Tidjane Thiam and chairman Harvey McGrath have thus far survived shareholders dissatisfaction after Prudential failed bid for AIG Asian Businesses - AIA cost company £380m in fees.

The Pru reported last week that Asia was a driving force behind a big increase in first half profit as the giant life assurance company remains confident of momentum being sustained for the rest of 2010.

Pru's operating profit before tax on European Embedded Value EEV basis rose 34% to £1.68bn in the six months to end June as new business profit came in 27% up at £892m and IFRS operating profit was 41% to £968m.

Latest life assurance company reports : Legal & General, Aviva, RSA Insurance Group

05/08/2010 - Company Reports, Endowments - 2 Comments - 534 words

UK second-biggest insurer Aviva has beaten analysts expectations reporting that first-half profit rose 21 percent as the life assurer indicated a consumer return to long-term savings products.

Operating profit rose to £1.27bn beating expectation of £1.17bn as net income rose to £1.08bn from £675mn a year earlier. Chief Executive Officer Andrew Moss added that Aviva “remains alert to the macroeconomic environment and risks in financial markets.”

Aviva indicated that it is increasing sales of life and pension products in Europe and following its main competitors Legal & General Group and Standard Life, selling products with fewer guarantees in an effort to reduce the amount of reserve capital.

Aviva also confirmed that it is renewing its strategic partnership with Royal Bank of Scotland RBS in a new distribution agreement with Aviva where RBS’s distribution network will sell Aviva protection and selective pension products.

RSA Insurance Group have also reported today a ‘resilient’ interim performance against a difficult first half for the insurance industry as profit before tax came in virtually unchanged at £302m from £301m last year.

Insurance industry sales quotient, net written premiums were reported up 9% at £3.80bn from £3.49bn in a comparable period in the first half of 2009 while RSA's combined operating ratio also improved to 94.8% from 93.5%.

The interim dividend was increased by 7% to 3.12p from 2.92p a year ago as Andy Haste, chief executive officer of RSA commented that “As it stands today, we continue to expect to achieve a combined operating ratio of around 95% for the full year... we expect the UK to remain in positive territory for the remainder of 2010 with Emerging Markets to return to double digit growth in 2011.”

Life assurance giant Legal & General LGEN yesterday reported interim figures ahead of expectations despite profit coming £589m in the first half of 2010 but down from £656m previously reported in a comparable period.

The city will react well to the news since Panmure Gordon had a figure of £572m at the top of the range of its market forecast. L&G also indicated that it cash on account at the end of June at £3.3bn, presently ahead of the life insurers regulatory capital requirements. Company also increased the half year dividend to 1.33p from 1.11p.

Legal & General chief executive Tim Breedon added “We remain on track to generate at least £600m of net cash in 2010... ee are optimistic about growth prospects in UK savings and annuities, though there is little evidence of recovery in the UK housing market.”

Meanwhile, there is sign of life back in the TEP market. For those that wish to redeem the value an endowment policy early, it is best to seek a quote from traded endowment brokers who can offer improvement over the life policy surrender value.

The market has recently been supressed with margins squeezed by the low interest environment of the last 18 months. However, TEP's or traded endowment policy surrender values appear to be back on the increase after experiencing a couple of years of stagnation, according to leading TEP brokers.

Click for more info Traded Endowments

Mortgage holders cheered as margins improve in traded endowment market

24/06/2010 - Endowments - 0 Comments - 257 words

Traded Endowment Policies : There exists a way to sell second hand with-profits life assurance policies in which traded endowment brokers find best deals from purchasing market makers.

The point is that the redemption value of old endowment policies mid-term is usually below expectation whilst there are investors who wish to buy old policies which can be transferred between holders and kept running under new ownership until maturity.

Life policy holders have an option to trade policies in before the end of the contract and the policy holders can get improved offers for the policy they hold via competitive bids from the TEP brokers - traded endowment brokers.

This facility of use to home buyers and sellers who need to change their mortgage as they sell and rebuy new homes.

The market has recently been supressed with margins squeezed by the low interest environment of the last 18 months. Brokers have been unable to offer enough margin to warrant trades taking place.

However, TEP's or traded endowment policy surrender values appear to be back on the increase after experiencing a couple of years of stagnation, according to leading TEP brokers.

Now is the time again to try to get increased value your old endowment. The worst you can do with an old policy is usual to simply surrender it back to the original life company to obtain redemption value. But thats what the TEP brokers can do for you - to evaluate your policy and make an improved offer.

More info....
Traded endowment policies step through

Older news.
1 2 3 >

  • 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.

Surrenda-link 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.

Surrenda-link 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 Surrenda-link

Surrenda-link 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 Surrenda-link 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 buying a second hand endowment policy Surrenda-link 0800 919021
Short Form  
Medium Form  
Extended Form  
- For TEP buyers
- For policy sellers
- If you have a partner

Latest "endowments" news articals

All rights reserved    brokers,dealers,mis-sold,endowment,policies,surrender,old,buy,form,with-profits,Cash,in,value,top,cheapest,buying,endowments,best,price,quote,cashing,offer,selling,traded,early,for,higher,rates,TEPs,policy,mis,sold,life,assurance,company,investment,mature,premimum,save,multiple,purchase,tep,tep,s,high,highest,early,redemption,cheapest,uk,cheap,maximum,better,offers,deals,cheaper,savings,secondhand,second,hand,list,cash-in,cashing-in,free,qualifying,competative,undercut,improved,plans,provident,mortgage,mortgages,prudential,royal,london,norwich,NPI,clerical,medical,scottish,friends,friendly,society,Foster,&,Cranfield,beale,dobie,scottish,1st4Teps,AAP,mutual,IFA,Charcol,auctions,auctioneers    © Site Terms and Conditions apply. Based in London. UK