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Endowment Express Review

When I received the request to do this review, I was not even familiar with the word “endowment”. Then again, some financial term that I learned in French are not very similar to their English version. So I started this review with a specific goal in mind: “what is an endowment anyway?”.

I looked up the term on Wikipedia, and here is the definition:

“An endowment policy is a life assurance contract designed to pay a lump sum after a specified term (on its ‘maturity’) or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.”

What is Endowment Express?

So Endowment Express is a company that finds interested buyers to buyback your life insurance policy. Buyers will offer a price based on the value of your endowment (comparable to a cash surrender value). They are likely willing to offer more than its actual value. This sounds like a real deal, but it isn’t.

The real reason buyers are willing to pay such high price is because the policy will continue to grow overtime. Therefore, their investment will pay off in the future. On the other side, if you need the money right away, you probably don’t care to know what the buyer does with your policy!

What makes you want to visit this site?

This is a transactional website where you can apply to get a quote on how much your policy can be sold at. Endowment Express uses the TEP (Traded Endowment Policies) market to sell your endowment at the highest price.

The format and design are very convenient and easy to use. Filling up a form would take less than 2 minutes.

Are the resources really helpful?

I guess that if you need money right now, selling your endowment could be an option. Since I only have term insurance, I couldn’t try the full service and get a real quote from and advisors. However, the site claims to have experiences advisor that will be able to answer your questions about the process.

Can improvements be done?

The FAQ’s section is there but needs improvement. There are a few lines about the process and why you would need to sell your policy (maybe because you need money?). However, I think that a definition section could be a great help for clients.

I think that key information/advice such as the one found on Wikipedia should also be included:

“When a policy is sold, all beneficial rights on the policy are transferred to the new owner. The new owner takes on responsibility for future premium payments and collects the maturity value when the policy matures or the death benefit when the original life assured dies. Policyholders who sell their policies, no longer benefit from the life cover and should consider whether to take out alternative cover.”

Then, a few definitions about insurance terms and processes would be greatly appreciated. The insurance world is not really clear for people that don’t work in this field. This would surely show professionalism and could lead to good advices.

Since they offer clients to sell their endowments, they might explore the avenue of selling cheap term insurance at the same time. The process could be the following:

Step#1: Selling your endowment policy

Step#2: Getting the money

Step#3: Use a part of this money to buy a term life insurance.

Ways to make money are endless

Disclaimer: This was an honest but paid review. We did it because we think it is a great financial resource on the Web and our opinion has not been biased. We are now offering to review your website for a highly competitive price. If you wish The Financial Blogger to review your website, please feel free to contact us at thefinancialblogger (at) gmail (dot) com or visit our advertise section.

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Hum… getting a pay day advance right now based on the hope that I keep my job until the next pay… This is definitely not a concept that it my mind ever. In fact, I am not even sure that we have this kind of service in Canada. Since I saw a lot of advertising on the subject on US and UK web site, I agreed to write a review on Payday Loan UK in order to go deeper in this topic.

What is E Payday Loan?

Payday Loan UK is mainly a transactional website where you can get small loan based on your next pay cheque. The design is pretty neat and it is easy to surf around. The site structure is classic; you find all the categories on the left and text on the right. This is definitely a good setup for someone who is looking for a quick and simple transaction.

What makes you want to visit this site?

When you need money right now! But wait… I’m thinking, if you can’t even live from pay check to pay check, how can you afford a computer with internet access? Am I missing something because this kind of business seems to be highly lucrative on the internet? I guess that’s because people’s priorities are sometimes upside down…And this is why some companies provide pay day advances services…

Are the resources really helpful?

The good part of this site is that you can easily find information on the process of getting a loan with the charges. The process is fairly simple; you basically send your request by email along with your pay stub by fax and you wait to get your money in your account.

You can tell it’s a risky business by looking at their interest charges. I’m glad they put them in so we don’t have to call in order to get more information. Everything is pretty much on the website and I guess that the transaction can be done within only a few minutes. This is a really good point when you are in the client’s pants and you desperately need money.

Can improvements be done?

The only thing I can think of would be in regards to fraud prevention. They clearly state that they don’t make a credit check when you apply for a loan. I guess, yet I’m not an expert, that someone could submit his file for a payday loan to many website such as this one at the same time with the same pay stub and he would get much more money at the end of the month. I wonder if there is any way to verify if the client is not doing some type of internet kitting with his pay stubs.

In the end, I am still convinced that payday loan should not become a possible financing option. However, for those who are at that point, you better off make some good research before dealing with a payday loan company. Rates and processes may vary.

Disclaimer: This was an honest but paid review. We did it because we think it is a great financial resource on the Web and our opinion has not been biased. We are now offering to review your website for a highly competitive price. If you wish The Financial Blogger to review your website, please feel free to contact us at thefinancialblogger (at) gmail (dot) com or visit our advertise section.

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Showing an aggressive bull as their main icon, I first thought that Integrated Capital Management (ICM) was an investment web site. In fact, they are a Tampa mortgage company. Since they look like to offer many options, I gladly accepted to write a review in order to give you my thoughts on their site.

What is Integrated Capital Management?

ICM is concentrated in mortgage product services and information. It has been created mainly to provide mortgages throughout their website. This is one of the many companies offering mortgages through the Web 2.0.

On their main page, they relate their values being professionalism, accessibility (mortgage specialist that answers all your questions) and to be a client oriented company. The good news is that you don’t do everything online and you get a chance to talk to somebody on the phone. They even have a toll free number: 1-866-767-0831.

What makes you want to visit this site?

I certainly think that internet is not necessarily the best place to purchase goods but certainly the best one to shop around and compare prices. You can sit down comfortably and surf the web looking for the right product for your financial situation.

With Tampa mortgage, you can ask for a quote or ask questions about their mortgage products. Even better, they have a huge section of tools and complementary information.

They offer a qualification calculator along with several other calculators such as interest only calculator and rent vs. buy calculator.

Another great feature is definitely their FAQ, library and glossary sections. They included a wide variety of term definition and explanation in order to help people understand better mortgages. They also go in details in regards to the difference between purchasing, refinancing or applying for a reverse mortgage on your property.

While the ultimate goal of ICM is probably to sell mortgage products, they certainly provide their customers with relevant information.

Are the resources really helpful?

If you are looking for getting more information on loan programs or mortgage information, you should definitely visit Integrated Capital Management. I personally don’t know if their rates and products are competitive as I am not a US resident, but their approach is very professional.

In order to assure a smooth process they also provide you with guidelines about their loan process and they proceed. So you know what is coming next at any stage of your mortgage inquiry. You also have the possibility to inquire about an existing demand through their website.

In general, I really like this website for its calculator and relevant information about mortgages.

Can improvements be done?

To be honest, I think that ICM really wrap-up everything is necessary to know about mortgages. They even compare their own product giving advantages and disadvantages for each of them!

The only thing that can make people reluctant to deal with them is that there is no rate offer anywhere on the website. Therefore, you absolutely have to inquire for a mortgage quote in order to get the full picture. This obviously includes a sale call from one of their mortgage specialist. While this technique is great for business as it increase the success rate of closing a deal, it may make some people think twice before inquiring for a quote.

Posting promotional offers could be a good idea in order to invite people calling without giving them too much information.

Disclaimer: This was an honest but paid review. We did it because we think it is a great financial resource on the Web and our opinion has not been biased. We are now offering to review your website for a highly competitive price. If you wish The Financial Blogger to review your website, please feel free to contact us at thefinancialblogger (at) gmail (dot) com or visit our advertise section.

If you liked this article, you might want to sign up for my FULL RSS FEED. Then, you would get my daily post in your email and can read it at any time. To subscribe, please click HERE.