Non profit endowment

 

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Non profit endowment

This 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.



Non profit endowment

Similar Matches

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.


Full with profit endowment

Full with profit endowment

The 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.


Endowment

Endowment

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


Child deferred endowment

Child deferred endowment

An 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.


Traded endowment policy (Tep)

Traded endowment policy (Tep)

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


Further Suggestions

Low start endowment
endowment assurance
second hand endowment
endowment insurance
endowment
Unit linked endowment
Factor endowment
pure endowment
endowment mortgage
Low cost endowment
Unitised with profit endowment
income endowment
Endowment
unit linked endowment assurance
full endowment


 
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