1st
Policy Company Traded Endowments
1st Policy Company Traded Endowments
A
BRIEF GUIDE FROM 1ST POLICY COMPANY TO TRADED ENDOWMENT POLICIES
The
market in Traded Endowment policies is growing at a rapid
rate. In existence for over 10 years there has been an increase
in sales from approximately £5 million in 1989 to in
the region of £500M in 2001. With policies being surrendered
each year valued at nearly £5 billion, there is considerable
room for expansion.
WHERE
DO THE POLICIES FOR SALE COME FROM?
From
people wishing to surrender their policies. There are numerous
reasons for this; including raising cash, switching to a repayment
mortgage, redundancy or divorce.
WHY
IS SELLING A POLICY A BETTER OPTION THAN SURRENDERING?
The simple answer is more money! Historically Assurance Companies
have paid disappointing surrender values when a policyholder
decides to cash in a policy early. The average increase over
the surrender value that 1st Policy Company achieves is 15%.
Each
policy is individual and the percentage increase can range
between 2% to 40% (sometimes even more). The amount will depend
on the start date, maturity date, and the surrender value
at the time the details are sent to 1st Policy Company for
valuation.
If
the policy is suitable for trading 1st Policy Company will
make you a cash offer as soon as possible.
HOW
DO YOU CONTACT 1ST POLICY COMPANY TO RECEIVE A CASH OFFER?
Visit
the Sell Policy page.
WHAT
HAPPENS IF I ACCEPT YOUR OFFER?
1st
Policy Company aim to provide what matters most - Service
at its best.
1st
Policy Company will respond quickly to your offer acceptance,
and a contract note will be sent out the same day.
At
every stage of the transaction you will be kept informed.
1st Policy Company employ a firm of solicitors to undertake
all the legal work involved at no expense to you.
The
procedure is simple and straightforward.
For
further information on 1st Policy Company Traded Endowments
visit the 1st Policy Company website.
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