Low start endowment

 

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Low start endowment

This 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.



Low start endowment

Similar Matches

Traded endowment policy (Tep)

Traded endowment policy (Tep)

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


Endowment

Endowment

Gift of money or property to a specified institution for a specified purpose.


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.


Second hand endowment

Second hand endowment

See: 'traded endowment policy'.


Unitised with profit endowment

Unitised with profit endowment

This is a hybrid unit-linked endowment, designed to smooth out price fluctuations that occur with unit-linked policies. The value of units is declared each year and that value is then guaranteed. The guaranteed value that is declared is at a discount to the actual value of the units. The guaranteed value will not reach the real value until the term of the endowment is up, so the chance of being able to pay of the loan early is minimised.


Further Suggestions

income endowment
Unit linked endowment
endowment
Low cost endowment
unit linked endowment assurance
pure endowment
Factor endowment
endowment assurance
Endowment
child deferred endowment
Full with profit endowment
Non profit endowment
endowment mortgage
endowment insurance
full endowment


 
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