Policy traders offer endowment winner

Investors can now buy traded endowment policies with existing guarantees at least on a par with the gross purchase cost.

The Insurance Policy Trading Company says this will help investors make the most of reduced TEP prices.

Julian Knopf, spokesman for IPTC, says: “In some cases the total outlay of purchase price plus future premium costs is even less than the guarantees in the sum assured and bonuses already attached to the policy.

“With future bonuses to be added every year until the maturity date this means investors simply cannot lose their money, provided they keep the policies to maturity and pay all future premiums.”