Full with profit endowment

 

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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.



Full with profit endowment

Similar Matches

Income pure endowment

Income pure endowment

An endowment plan which carries an option at maturity for the proceeds to be paid in the form of a regular income. In the event of the policyholder's death before maturity no benefit is payable.


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Another name for Second-Hand Endowment Policy (Shep).


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An endowment policy in which the savings element is significantly increased.


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A gift such as money or property to an institution for a given purpose.


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Child deferred endowment

An endowment assurance, on the life of a child, which can be taken as cash at maturity or converted to a full endowment or whole life assurance.


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endowment mortgage
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