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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 MatchesEndowment insuranceEndowment insuranceA cash value life insurance policy with a fixed term. Premiums are applied to give life insurance cover for the face amount and at the end of the term the cash value will equate to the face amount and be payable. Endowment mortgageEndowment mortgageAn interest-only mortgage ultimately repaid by the proceeds of an endowment assurance policy which is assigned to the lender providing the mortgage. The policyholder pays the lender's interest only, for the term of the mortgage. The sum assured, which is payable on maturity or prior death of the policyholder, is used to repay the mortgage. Policies are usually with profits (or low cost endowment), unit linked or unitised with profits and sometimes this provides some additional capital for the policyholder after the lender has been repaid. EndowmentEndowmentGift of money or property to a specified institution for a specified purpose. Second hand endowmentSecond hand endowmentSee: 'traded endowment policy'. 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 Suggestionsunit linked endowment assuranceendowment endowment assurance Endowment Traded endowment policy (Tep) Unit linked endowment income pure endowment Low cost endowment child deferred endowment Factor endowment full endowment Low start endowment Full with profit endowment Unitised with profit endowment Non profit endowment |
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