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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 MatchesUnit linked endowmentUnit linked endowmentYour monthly premiums are used to buy units in a fund or funds run by professional managers. Like unit trusts, the price of these units can go up and down, so the value of the endowment can constantly change. Traded endowment policy (Tep)Traded endowment policy (Tep)Another name for Second-Hand Endowment Policy (Shep). Income endowmentIncome endowmentAn endowment plan which carries an option at maturity for the proceeds to be paid in the form of a regular income. 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. EndowmentEndowmentA gift such as money or property to an institution for a given purpose. Further SuggestionsEndowmentUnitised with profit endowment unit linked endowment assurance pure endowment Low start endowment endowment assurance full endowment endowment insurance second hand endowment Low cost endowment Endowment Factor endowment Full with profit endowment endowment mortgage child deferred endowment |
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