Released on = April 13, 2006, 5:31 am

Press Release Author = Diana Gray

Industry =

Press Release Summary = The majority of with profit endowment policyholders do not
wait until maturity to cash in. However, endowment surrender values offered by
insurance companies are less than the market value of the policies. The TEP market
exists because there are people willing to endowment cash in and people wanting to
buy them for investment purposes. In 2013 the endowment market will be encountering
a seller's rush and the best option ahead is selling policies at best price through
on line brokers

Press Release Body = The traded endowment market exists because over 100,000 people
each year decide to sell endowment policy or surrender endowment.

Most policies were originally taken out for 25 years, but the majority of
policyholders do not wait until maturity to cashing in an endowment. Instead, for a
variety of reasons, they surrender their endowment policies back to the insurance
company before the maturity date. In many cases, the endowment surrender values
offered by insurance companies are less than the market value of the policies. The
advantage of this for the endowment buyers is that the maturity amount is much
higher than that yielded from other such interest bearing securities. There may also
be a bonus for the buyer if the original owner (who will still be the life assured),
dies before the policy matures, as this money is payable to the endowment buyers.
Therefore, 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.
Traded Endowment Policies or TEPs are old, second hand with-profits endowment
policies, legally assigned to new owners who pay the purchase price and future
premiums. The life assurance cover of such endowment life insurance policy remains
on the life or lives originally assured (that may be the person, selling endowment
policy), but all policy benefits on maturity or, an earlier life assurance payout,
are the properties of the new endowment buyers. The advantage of the TEP market is
that for any with-profits policy, endowment buyers will usually pay a higher value
for the policy than the value received on endowment surrender from the provider. Due
to the high cost of charges by life assurance companies for early surrendered
with-profits endowment policies, there exists a market in which brokers find the
best price endowment from customers.

Policies like, 'With Profit Endowments', 'Unitised With Profit Endowments', 'With
Profit Whole of Life policies', 'Unitised With Profit Whole of Life policies' and
'Guaranteed Stock Market Bonds' have a good market value in general. However,
"Everyone with a mortgage endowment policy" says Christine Farnish, Director of
Consumer Relations at the FSA, "should be aware that the performance of these
products depends on stock market movements."

In 2003, the government estimated that about eight in 10 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 your
current endowment surrender value. This service is completely free of charge and
there is no obligation if you log on to 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 your 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.

For further details or selling endowment, one may contact Integrity Financial
Services. Phone: 08701 287 330/1/3
Fax: 08701 287 334/5
Email: enq@ukintegrity.co.uk
Address: Silvester House
Silvester Road
Waterlooville, Hampshire
PO8 8TD


Web Site = http://www.bestpriceendowment.com

Contact Details = Address: Silvester House
Silvester Road
Waterlooville, Hampshire
PO8 8TD
Phone: 08701 287 330/1/3
Fax: 08701 287 334/5
Email: enq@ukintegrity.co.uk