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Second hand endowment |
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Second hand endowmentSee: 'traded endowment policy'.Similar MatchesFull endowmentFull endowmentAn endowment policy in which the savings element is significantly increased. Endowment insuranceEndowment insuranceA cash value life insurance policy with a fixed term. Premiums are applied to give life insurance cover for the face amount and at the end of the term the cash value will equate to the face amount and be 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. Unit 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. Child deferred endowmentChild deferred endowmentAn 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. Further SuggestionsFactor endowmentTraded endowment policy (Tep) income endowment endowment assurance income pure endowment Full with profit endowment Unitised with profit endowment Non profit endowment Low cost endowment Endowment pure endowment unit linked endowment assurance Low start endowment endowment Endowment |
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