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Non profit endowment |
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Non 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.Non profit endowment Similar MatchesPure 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. Factor endowmentFactor endowmentThe quantity of a primary factor present in a country. See endowment. Income pure endowmentIncome 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. 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. Full endowmentFull endowmentAn endowment policy in which the savings element is significantly increased. Further Suggestionsincome endowmentLow cost endowment endowment assurance Unit linked endowment Unitised with profit endowment Low start endowment Endowment child deferred endowment unit linked endowment assurance Traded endowment policy (Tep) endowment insurance endowment Endowment Full with profit endowment second hand endowment |
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