nobody i know sells modify endowment contracts. I know who sells weed
One can cash an endowment in a number of ways. One can cash an endowment by surrendering it to the endowment issuing company or one can sell an endowment to an endowment policy trader.
Many life insurance companies sell endowment and endowment policies. These policies can also be found through the Purchase Endowment Selling blog and other websites.
federal tax rate on modified endowment contracts
There are many places to sell an endowment depending on where you live. You should always consult a lawyer first to make sure your particular endowment allow for this, then a general web search with you location will bring up many places to contact.
No it is not assuming the policy isn't a Modified Endowment Contract.
Information on endowment policies can be found at Money UK, This is Money UK, Absolute Assigned Policies Ltd., Endowment Surrender Plus, and Sell Endowments UK.
One should look on the 'selling my endowment' website when looking to sell an endowment policy. They offer much advice and tips on where to do this. One can also go to 'endowment surrender plus'.
Contract to sell is an executory contract while contract of sale is an executed contract.
"Contract of sell" is just "contract of sale" misspelled.
An endowment policy is a life insurance contract where the person gets a large sum of money after a set amount of years. You might cash in an endowment policy as it is a great way to pay off the debt that the insurance purchaser has or had when they were alive.
The contract to sell refers a binding legal agreement between the buyer and sell about the sale of something. The contract to sell is usually enforceable by law.
If someone chooses to sell their endowment policy, the policy is sold to the insurance company that one has the policy with. A person can, "cash out" a policy early and take an agreed upon amount instead.