Endowments
Do you need Endowment Selling, Endowment Policies, endowment sales, endowment surrender & TEPS Now that I'm looking at graduation, I see that I'm going to really be 100% financially independent. It's a bit crazy. Not only that, but soon I'll be dropped from my parent's auto and health insurances, which worries me juuuust a tad. Anyways, I was looking at insurance info and started looking at life insurance stuff, which I apparently know less about than I thought. I saw something called an endowment policy– they’re basically policies that last for a fixed amount of time. Most are like 10 to 20 years, but the thing is you pay your premium and get a payout amount (your endowment) either when you finish the policy or if you die. It’s pretty crazy to think about, but it sounds like a pretty cool thing. This way you don’t necessarily have to expire in order to get a payout, lol. I wonder how many people have endowments and endowment policies. Anyways, I started reading more about it and apparently if you need to cash out your endowment policy early, you can. It’s called endowment surrender/endowment sale, where you pretty much sell your endowment back to the company at a lowered price based on time left on the policy and the market. Apparently selling endowment policies is pretty common, though I wondered how you could go and sell endowments. I found a website http://www.endowmentexpress.co.uk that can show you how to sell endowments/sell endowment policy. This site is actually pretty cool, because it shows that when you sell endowment policy, you can sell to people and not just the company. Selling endowment policies this way will usually net you more money than and endowment surrender/endowment sales to the company because people will still get a good deal by taking over where you left off on the time scale. These second-hand endowment policies are called TEPS (traded endowment policies). This all seems really legit. Endowment sales/selling endowment policies/TEPS seems like a legitimate business venture, even. Maybe something I should consider…? Anyways, check out the site I was looking at if you want to see some more info about endowment policies and all that, or even if you’re going to sell endowments. http://www.endowmentexpress.co.uk Let me know how it works out for you!