Policy Plus are endowment experts helping you get more money for your policies endowments. offer a trusted and reliable service you know you can rely on. Submitted by search engine marketers at http://www.webrepairservices.co.uk
Endowments are a dirty word amongst most homeowners! If you bought your home in the 80's or early 90's you probably took out an endowment policy as a way to repay the balance after 25 years. At the time, interest rates were in double figures and returns on most investments (including endowments) were spectacular, so an investment product that needed to make returns in excess of 10% a year in order to hit its target did not seem unreasonable.
Then interest rates (and investments returns) started to tumble and with that came the reality that many endowments would not hit their original target, leaving homeowners needing to find extra cash to repay their mortgages. With hindsight, with-profit endowments are simply the wrong option for saving towards a fixed target on a fixed date.
If you are concerned about your mortgage repayment, you can gain total peace of mind by switching to a repayment mortgage. Switching an existing mortgage while keeping your original endowment will mean increased monthly payments though, as each month, part of your loan will be repaid as well as the interest. One option to reduce costs would be to switch just part of your mortgage to a repayment whilst using the proceeds of your endowment when it matures to repay the rest.
Another option is to pay a lump sum off the loan at the time of switching. If cash isn't readily available for this then you might consider selling your endowment policy and paying the proceeds of the sale into your mortgage.
When you take away the need to hit a fixed target, with-profit endowment policies are actually low risk investments with a strong performance record and so there are plenty of investors who want to buy them and will pay more than the surrender value.
Then, to find out how much you could sell your endowment policy for, you can contact an endowment buyer - also called a market maker - who will give you a free quote to buy your policy, but before you do this you should consider your options.
If you do have the money to pay the fees, never forget that getting the opinion of an independent financial advisor is often a good plan; sometimes getting the opinion of more than one can prove to be even more of an advantage and can provide the sort of knowledge and expertise that could really help you to sell your endowments at the right price. The research and work could be done on your own, but many find it far less stressful and often a lot safer to seek the advice of professionals.
The most important thing to remember is that one has to think very carefully before taking action with their investments - take the time to research and consider everything before selling your endowment policy.
- Related Videos
- Related Articles
- Ask / Related Q&A
Bullet Advisory Analyses Indian Share Market NSE Nifty Future Option Stocks
By: narendra nainani | 08/11/2009Volatility may increase in coming times as FII’s may prefer to book profit ahead of year end.Finance Minister’s statement that no curbs are on cards for foreign capital helped the
401k vs Roth IRA
By: Jennifer Quilter | 08/11/2009When you are building a retirement plan it's important to consider where you are investing and what the benefits are of 401k vs Roth IRA plans so you can get the most out of your investments.
Investing in Truffles and they will look after you
By: Andrew Houston | 08/11/2009One company is offering a once in a life time opportunity for many people to purchase Oak trees from them that have been inoculated with truffle fungus that does not cost the earth. You only pay the purchase price of the Oak tree that has been inoculated with the truffle fungus and pay a small management fee to us for the care and maintenance of your Truffle producing Oak tree which you own for the life of the project and you will get ...
High Interest Rate Savings Accounts Online - Why Are They So Much Better?
By: Jim S | 07/11/2009Banks offer a high rate savings account online because of the economics afforded by being on the internet. Because these online banks are able to attract and service a large number of customers without the overhead costs associated with brick and mortar facilities they are able to make high interest rate savings account offers.
Investing in penny stocks
By: Christina Pomoni | 07/11/2009Penny stocks are considered a high risk investment with limited liquidity and high liquidity. However, they can be great tools for average investors with little experience to protect their gains.
The differences between the New York Stock Exchange and NASDAQ
By: Christina Pomoni | 07/11/2009An article on the differences between NYSE and NASDAQ
How the New York Stock Exchange operates
By: Christina Pomoni | 07/11/2009An article on how the New York Stock Exchange (NYSE) operates
Why Buy Property In Paphos?
By: Derek Both | 17/09/2008 | InvestingAt the Cyprus coast in the southwestern region lies a beautiful chunk of land that is known as Paphos.According to history, Paphos was the commercial and information center of Cyprus. The local people believe that the town was built at the birthplace of the Greek legend goddess of love, Aphrodite.
Why Invest in Property in Turkey?
By: Derek Both | 24/07/2008 | InvestingHave you ever considered investing money in Turkey? It is slowly growing to become a very popular investment destination, for the country has a very high growth potential.
Websites Make Finding Investment Property Easier Than Ever
By: Derek Both | 02/06/2008 | InvestingThere was a time when looking for investment property was a stressful and time consuming task because there weren't many resources available.
Europe Is Top Destination For Property Investment
By: Derek Both | 02/06/2008 | InvestingA recent study has revealed that six out of the top 10 most popular property investment destinations are located within Europe.
What Went Wrong With Endowments And What Can You Do About Your Mortgage?
By: Derek Both | 25/05/2008 | InvestingEndowments are a dirty word amongst most homeowners! If you bought your home in the 80's or early 90's you probably took out an endowment policy as a way to repay the balance after 25 years.
The Different Types Of Air Conditioning
By: Derek Both | 19/05/2008 | TechnologyNowadays you get so many different types of air conditioning units it can be difficult to know where to start.
Why Business Travel Blogs Are Helpful
By: Derek Both | 16/05/2008 | TravelSince the popularity of the internet has soared over the last decade it has now become virtually impossible not to find what you are looking for.
Endowment Policies For Those Starting Out
By: Derek Both | 07/05/2008 | FinanceEndowment policies can seem like a daunting prospect to those who have no idea what they are, what they do and how they work. As a result of this many people choose to live in ignorance about them and never enquire about them or find out what they really are.