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

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.


Low cost endowment

Low cost endowment

Designed 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. 


Endowment

Endowment

A gift such as money or property to an institution for a given purpose.


Endowment

Endowment

The amount of something that a person or country simply has, rather than their having somehow to acquire it. In the H-O Model of trade theory, endowments refer to primary factors of production, ignoring the fact that some of them -- especially capital and skill -- are deliberately accumulated.


Further Suggestions

endowment assurance
unit linked endowment assurance
endowment mortgage
Full with profit endowment
pure endowment
Low start endowment
Factor endowment
second hand endowment
income endowment
full endowment
endowment insurance
child deferred endowment
Unit linked endowment
Traded endowment policy (Tep)
Unitised with profit endowment


 
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