buy endowments Buying Endowments - Second hand policies

buy endowments
Buying Endowments - Second hand policies

Buying a second hand endowment, known as a traded endowment policy (TEP) can be used as an investment strategy for a number of reasons.

You may be planning an investment strategy for retirement, paying school fees or a wedding for example.

Investing in a traded endowment policy may be a good investment, particularly if you look to buy into policies nearing maturity. These policies benefitted during the 1980's and 90's when bonus rates were relatively high.

If you decide to buy a traded endowment, you are, in effect, buying a 'with profits' endowment policy second hand from the policyholder who has sold the policy, usually to raise cash.

Once you have bought the policy, you are taking on an endowment mid term, usually with at least five years' worth of bonuses locked in. You will agree to continue paying the premiums until the policy's maturity date.

However, because the assurance remains with the original policyholder, should they die before the end of the term, you would not have to continue paying the premiums.

Before you buy.......

As with all investments we would recommend that you always consult an Independent Financial Adviser before you proceed with any transaction. If you are considering buying a TEP the main thing to consider will be future bonus potential of the policy and the tax implications on the ultimate proceeds

tag : by endoùent buy endomnts bay endowmends withe best prix
Share this video :

Post a Comment

Support : Creating Website | Johny Template | Mas Template
Copyright © 2011. agadirzik - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger