Traded Endowment Policy
This article from The Telegraph.co.uk (13th August 2002) is all about buying on the Traded Endowment Policy (TEP) market. It provides information on buying a Traded Endowment Policy and cites the Association of Policy Market Makers (of which aap is a member) as a good place to start.
Read Tips for tep success
More information on Traded Endowment Policies
Have your financial circumstances changed, resulting in a decision that surrendering an endowment is the only option for you? If you wish to receive as big an investment as possible, an option may be to sell your policy on the Traded Endowment Policy (TEP) market.
There are two main factors that will determine whether or not the policy is suitable for the Traded Endowment Policy market. These are:
- The date the policy was taken out, which should have started before the year 2000.
- The value placed on surrendering an endowment policy, which should be at least £1,500.
The Traded Endowment Policy market exists because surrendering an endowment may not generate the highest sum for policyholders.
To facilitate the transaction for the sale of a Traded Endowment Policy, you will need to provide us with the following information, most of which can be obtained from the life company:
- Name of the life office
- Type of policy
- Policy number
- Commencement and maturity dates
- Basic sum assured
- Total bonuses declared
- Date to which bonuses declared
- Surrender value Gross Premium
Back to endowment selling links.