Traded Endowments
Holders of with profit endowment policies commonly have the option to surrender
their policies to their insurer for a lump sum 'surrender value'. However a better
price can often be obtained by selling the policy to another investor via the second-hand
endowment market, known as the Traded Endowment Policy (TEP) market. The market in second-hand
policies has existed since the nineteenth century, but has developed considerably in recent
years. TEPs are now often purchased by specialist TEP Funds, on behalf of individual investors.
LCP's life assurance consultancy team provide actuarial advice and other services to the
owners and other stakeholders of TEP Funds including
- Advice on Individual Policy Selection
- Portfolio Valuation
We currently provide advice to funds under management in excess of €70 million.
Contact us for further information.
