Factor endowment

 

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Factor endowment

The quantity of a primary factor present in a country. See endowment.



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Endowment

Endowment

Gift of money or property to a specified institution for a specified purpose.


Unit linked endowment assurance

Unit linked endowment assurance

See: 'endowment assurance'.


Full with profit endowment

Full with profit endowment

The most expensive endowment plan with the highest guaranteed returns. This type of endowment guarantees an annual growth and also to pay off the full loan at maturity which is the cause of the added expense. It also has built in life cover. The future growth of your investment is assumed to be at a certain rate, which determines the level of your premiums. The portion of your premium that is being invested is pooled with the premiums of other investors. Annual bonuses are added to the maturity value each year and are dependent on the performance of the investment fund. There is a possibility that the bonuses will take the maturity value above the level required to pay back the loan. This would result in a tax-free cash surplus, which you can spend on whatever tickles your fancy.


Unit linked endowment

Unit linked endowment

Your monthly premiums are used to buy units in a fund or funds run by professional managers. Like unit trusts, the price of these units can go up and down, so the value of the endowment can constantly change.


Endowment assurance

Endowment assurance

A fixed term life assurance policy in which provision is made for premiums to pay for life cover plus a savings/investment element. The policy pays out a sum of money (the sum assured) on the death of the life assured or at a specified date (the maturity date) if the life assured survives the term. If an endowment policy is encashed in its early years any proceeds returnable to the policyholder will normally be below the value of the premiums paid up to cancellation.


Further Suggestions

income pure endowment
endowment mortgage
Low cost endowment
income endowment
Low start endowment
endowment
endowment insurance
Endowment
Non profit endowment
Unitised with profit endowment
Traded endowment policy (Tep)
second hand endowment
full endowment
pure endowment
child deferred endowment


 
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