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Unit linked endowment assurance |
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Unit linked endowment assuranceSee: 'endowment assurance'.Similar MatchesEndowmentEndowmentGift of money or property to a specified institution for a specified purpose. Low start endowmentLow start endowmentThis is essentially the same as a low-cost endowment, but premiums begin at a lower level and gradually increase over a number of years - usually between five and ten. The initial premium can be significantly lower than the full premium, but never lower than half (which is a common starting point). Premiums may, for example, increase from 50% to 100% of the final value by 20% per year for 5 years or by 10% per year for ten years. This is another product designed to make it easier to budget over the first few years of home owning, when money is likely to be tighter for many people. As with most products that work this way, you generally have to pay for it in the long run. Income endowmentIncome endowmentAn endowment plan which carries an option at maturity for the proceeds to be paid in the form of a regular income. 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. Endowment assuranceEndowment assuranceA fixed term life assurance policy in which provision is made for premiums to pay for life cover plus a savings/investment element. The policy pays out a sum of money (the sum assured) on the death of the life assured or at a specified date (the maturity date) if the life assured survives the term. If an endowment policy is encashed in its early years any proceeds returnable to the policyholder will normally be below the value of the premiums paid up to cancellation. Further SuggestionsLow cost endowmentendowment insurance Endowment endowment Non profit endowment Full with profit endowment Unit linked endowment second hand endowment Factor endowment endowment mortgage pure endowment Unitised with profit endowment Traded endowment policy (Tep) income pure endowment full endowment |
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