WHAT ARE TRADED ENDOWMENT POLICIES (TEPs)?
Also known as resale endowment policies (REPs) and second-hand endowment policies (SEPs), TEPs are endowment policies that were sold by original policy-owners to resale brokers such as PolicyWoke, and are then put up for resale as short-term, high-interest savings plans.
-
Up to 4.6% proj. compound interest
-
Higher interest than most banks':
-
savings accounts
-
fixed deposits
-
-
NO complex conditions to earn interest
CAN I SELL MY INSURANCE POLICY?
Most people know that they can surrender their cash-value insurance policies, in the event they decided to give them up due to various reasons. However, most do not know that they can instead sell their cash-value insurance policies to resale brokers such as PolicyWoke, for up to 10% more cash back than what they would get from surrendering to insurance companies. The cash-value insurance policies that can be sold to us are:
-
Endowment (including annuities)
-
Whole life