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.