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

Unit linked endowment

Unit linked endowment

Your 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 endowment

Income endowment

An endowment plan which carries an option at maturity for the proceeds to be paid in the form of a regular income.


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.


Endowment

Endowment

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


Further Suggestions

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Unitised with profit endowment
unit linked endowment assurance
pure endowment
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full endowment
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Endowment
Factor endowment
Full with profit endowment
endowment mortgage
child deferred endowment


 
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