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Income pure endowment |
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Income pure endowmentAn 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.Similar MatchesFull endowmentFull endowmentAn endowment policy in which the savings element is significantly increased. Traded endowment policy (Tep)Traded endowment policy (Tep)Another name for Second-Hand Endowment Policy (Shep). Low start endowmentLow start endowmentThis is essentially the same as a low-cost endowment, but premiums begin at a lower level and gradually increase over a number of years - usually between five and ten. The initial premium can be significantly lower than the full premium, but never lower than half (which is a common starting point). Premiums may, for example, increase from 50% to 100% of the final value by 20% per year for 5 years or by 10% per year for ten years. This is another product designed to make it easier to budget over the first few years of home owning, when money is likely to be tighter for many people. As with most products that work this way, you generally have to pay for it in the long run. EndowmentEndowmentGift of money or property to a specified institution for a specified purpose. 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. Further Suggestionssecond hand endowmentpure endowment endowment insurance Unit linked endowment Endowment Full with profit endowment unit linked endowment assurance endowment mortgage endowment endowment assurance Factor endowment Low cost endowment Unitised with profit endowment income endowment child deferred endowment |
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