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Selling A Norwich Union Endowment Policy

135

Comments

  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Definitely worth getting a quote from the TEP traders to confirm the value in this policy - they are the best informed people around.

    Do let us know.
    Trying to keep it simple...;)
  • Towner_2
    Towner_2 Posts: 317 Forumite
    Hi EdInvestor, I emailed TEP last Friday, any idea how long they usually take to get back to you?? Thanks!!
    I say what I like, I like what I say!
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Try https://www.apmm.org all the traders are listed there.
    Trying to keep it simple...;)
  • Towner_2
    Towner_2 Posts: 317 Forumite
    Hi Edinvestor,
    Had a letter today telling me that Policy Plus would only match what NU would pay out for it. From what I can make out the link you gave me sends my details to a few companies. If so how many other companies can I expect a reply from?? Thanks.
    I say what I like, I like what I say!
  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    Any that my be interested in buying.

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
  • Towner_2
    Towner_2 Posts: 317 Forumite
    I meant how many companies do my details go to........
    I say what I like, I like what I say!
  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    They go to all the TEP traders of which there maybe a dozen or so.

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
  • Uncle_Fester_2
    Uncle_Fester_2 Posts: 291 Forumite
    JoeK wrote: »
    They go to all the TEP traders of which there maybe a dozen or so.

    JoeK

    Joe, where's Lipstick gone? :D
  • Towner_2
    Towner_2 Posts: 317 Forumite
    Hi Edinvestor, I have today received an offer of £8905 from Oakwood. What do you think and have you ever heard/dealt with them before?? Thanks.
    I say what I like, I like what I say!
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Towner wrote: »
    Hi Edinvestor, I have today received an offer of £8905 from Oakwood. What do you think and have you ever heard/dealt with them before?? Thanks.

    Hmm a 7% premium to the surrender value, not much, this policy doesn;t appear to be lighting too many fires :(.

    Will Oakwood buy the policy from you immediately, or will they simply seek a buyer?If the latter, then I wouldn't bother as this can take ages and may not even happen.
    Trying to keep it simple...;)
This discussion has been closed.
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