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Income endowment |
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Income endowmentAn endowment plan which carries an option at maturity for the proceeds to be paid in the form of a regular income.Similar MatchesUnit linked endowmentUnit linked endowmentYour 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. Full endowmentFull endowmentAn endowment policy in which the savings element is significantly increased. 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. Non profit endowmentNon profit endowmentThis type of endowment guarantees repayment of the loan. There are no annual or final bonuses and you generally have no chance of a cash surplus on maturity. Essentially, there is no benefit other than life cover which is eaqual to the value of the mortgage you have ttaken out. This is seen as an inefficient method of saving the money to pay back and is therefore rarely recommended as a method of repaying a mortgage. Pure 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. Further SuggestionsFull with profit endowmentLow start endowment child deferred endowment endowment insurance income pure endowment second hand endowment Endowment Endowment endowment mortgage Factor endowment Unitised with profit endowment endowment endowment assurance Traded endowment policy (Tep) unit linked endowment assurance |
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