Endowment Policy Buyers
Endowment Policy Buyers |
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Best Price Endowment > Endowment Policy Buyer
Endowment BuyersBrief history of the endowment policy
In the eighteenth century, the endowment policy was created by life assurance companies to provide life assurance. If there were any spare monies in these funds these were distributed to surviving policyholders as bonuses. Today, endowment policies are most commonly used to repay the capital sum on an interest only mortgage that provides a tax-free lump sum at a set maturity date. The policyholder pays regular premiums to the life assurance company in return for life cover and there is an undertaking from the insurance company to pay a lump sum when the policy matures.
Which endowment policies are bought? We have buyers for with-profits endowment policies that have a maturity date of three years or greater left to run. We have buyers for traditional with profits policies from the following Life Companies:
What types of endowment policy do you not buy? Our buyers do not purchase the following types of policies:-
Integrity - Our name says it all
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