Can't decide about endowment!
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corey
Apprentice
Joined: 26 Sep 2006
Posts: 1
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 Posted: 05/05/08 - 06:12 Post subject: |
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| Hello people. I need your help about something. My brother wants to sell me his endowment policy. The thing is that I just can’t decide about endowment! I don’t know much about how it works so I would appreciate if someone could tell me more about it. Thank you in advance. |
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avigdor
Apprentice
Joined: 10 May 2006
Posts: 1
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| Posted: 06/04/08 - 01:43 Post subject: |
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| Hello to you too! Think about buying an emdowment as a type of investment which can be as profitable, as any other type. When you buy a policy from another person, it is known as a TEP or Traded Emdowment Policy. I presume that you are offered to buy with-profit policy. So, you should have in mind that they bring profit. It is worth knowing that the best emdowments to buy are those which will come soon to maturity. Also have in mind that, until the maturity date, you have to pay for the premiums, unless you want to surrender your policy. Like I said, it can be a good way to invest your money so I think you should go for it. I hope I was of some help to you. Take care! |
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