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Full with profit endowment |
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Full with profit endowmentThe 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 MatchesPure endowmentPure endowmentA life assurance policy where the sum assured is paid if the life assured survives the term but in the event of prior death nothing is payable. Low cost endowmentLow cost endowmentDesigned to accumulate the sum needed to pay after a given period, usually for the purpose of paying off a mortgage. However there are no guarantees and investors may have to increase their premiums to build up enough to pay off their mortgage. Unit linked endowment assuranceUnit linked endowment assuranceSee: 'endowment assurance'. Child deferred endowmentChild deferred endowmentAn 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. EndowmentEndowmentGift of money or property to a specified institution for a specified purpose. Further SuggestionsEndowmentFactor endowment endowment assurance income endowment endowment insurance Non profit endowment endowment Traded endowment policy (Tep) income pure endowment endowment mortgage Unitised with profit endowment second hand endowment Unit linked endowment Low start endowment full endowment |
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