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Policy Trading

Endowment Policies

The Endowment Policy Purchasing Company (TEPPCo) was founded in 1995. Since then it has become a market maker in both Sterling and Euro denominated second-hand endowment policies.

The second hand-policy market arose as policy holders discovered that they could get a higher price for their policies by selling them to a third party rather than cashing them in. In the UK alone the value of policies traded is in excess of Stg£1 billion annually.
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