Re: Traded Endowment Policies
Hi Flash,
"Who sells them in Ireland?"
There are three marketmakers licensed by IFSRA:
Irish Policy Exchange Co. Ltd. (part of Fexco), 066 7117677
The Endowment Policy Purchasing Co. Ltd. (part of IFG Group), Ph. 1850 595959
Endowment Exchanges Ltd (Andy O'Loghlin, Ballyhurly, Ogonnelloe Co. Clare Telephone 061 923025), .
"Are they a good investment.?"
Remember you're buying an endowment policy underwritten by an insurance company, so how good an investment it is depends on the price you're paying for it relative to it's expected maturity value, the time left to maturity and the company underwriting it.
"Who can advise on their purchase?"
Don't know of anyone specialising in independent advice on traded policies. If you were considering an investment in a specific policy, I'd suggest that you contact a broker who is very familiar with the technical workings of the policy in question, or else a firm of consulting actuaries, although this may prove an expensive option.
Regards,
Liam D Ferguson
www.ferga.com
Address updated by RainyDay