Unitised with profit endowment

 

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Unitised with profit endowment

This is a hybrid unit-linked endowment, designed to smooth out price fluctuations that occur with unit-linked policies. The value of units is declared each year and that value is then guaranteed. The guaranteed value that is declared is at a discount to the actual value of the units. The guaranteed value will not reach the real value until the term of the endowment is up, so the chance of being able to pay of the loan early is minimised.



Unitised with profit endowment

Similar Matches

Unit linked endowment assurance

Unit linked endowment assurance

See: 'endowment assurance'.


Endowment

Endowment

The amount of something that a person or country simply has, rather than their having somehow to acquire it. In the H-O Model of trade theory, endowments refer to primary factors of production, ignoring the fact that some of them -- especially capital and skill -- are deliberately accumulated.


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.


Endowment mortgage

Endowment mortgage

An 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.


Child deferred endowment

Child deferred endowment

An 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 Suggestions

pure endowment
endowment
full endowment
Full with profit endowment
Low start endowment
endowment insurance
Endowment
income pure endowment
Non profit endowment
second hand endowment
Factor endowment
income endowment
endowment assurance
Low cost endowment
Traded endowment policy (Tep)


 
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