traded endowment policies or teps
raded endowment policies or teps are TRADITIONAL with-profits endowment policies which were sold by the original policyholders before the maturity date, for reasons that may include debt clearance, re-mortgaging, cash requirements, and more. discounted policiesMany TEPs have been in force for years, some exceeding 20 years, it means the policies have been accumulating bonuses for the last 20 years. These bonuses once declared cannot be removed or reduced. These bonuses together with the sum assured are guaranteed at maturity. Often, the investor buy policies at a discount to their underlying value. full ownershipAs a TEP investor, the policy will be legally assigned to you, making you the rightful owner of the policy. You may choose to reassign, surrender, sell or "will" the policy at any time. Life cover, however, remains on the original life assured. When the policy matures - or if the original life assured dies prematurely - all benefits will accrue to the investor. If the investor dies before the policy maturity, the policy will be treated like the investor's other assets. The policy can be continued, surrendered or reassigned again according to his "will". no health or age requirementAnyone above 21 can invest in TEPs regardless of health conditions. flexible termYou can choose the investment term according to your needs. There are 1-year to maturity policies to long term policies with more than 15-years to maturity. Thus, TEP is an excellent vehicle for financial planning and can be tailored for one's life milestones such as mortgage repayment, tertiary education funding or retirement planning. benefits of tep why should you invest in tep? no yearly management
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