Endowment policy selling process
The endowment selling process will normally take between 6 to 8 weeks depending upon who the buyer is and we will give you an indication of the timescales involved prior to you entering into a contract with the buyer.
Once you have contacted us we will aim to get you our best price within 72 hours. Should you accept our offer then we will arrange for the buyer to send you a contract note which will need to be signed and returned to them. Upon receipt the buyer will check the policy details with the life office and once verified one of 2 things will happen:-
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If the buyer has made a "firm offer" (i.e. they are buying the policy physically for themselves) then they will begin the process of legal transfer which will typically take 6 to 8 weeks.
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If the buyer has made an offer "subject to finding an investor" (i.e. the buyer will market your policy to a number of potential investors and makes an offer to you as an achievable sale price) then the process of legal transfer will be delayed by the length of time it takes to find a buyer, and the entire process in this scenario is typically 6 to 13 weeks
Prior to you accepting an offer we will inform you whether it is a firm offer or not.
Please note that we can only accept traditional with profits endowment policies (not unitised or unit linked) which are at least 5 years old.
Please contact us or call us on 0113 2587555 to discuss your policy details.
Contact Information
Traded Endowment Policy Specialists are appointed representatives of Highbrook Associates Ltd who are authorised & regulated
by the Financial Services Authority
by the Financial Services Authority