Endowment Compensation in the UK
Endowment Compensation in the UK is fairly easy to obtain. Up to 5 million people are believed to have been missold an endowment policy.
The idea is that you pay only the interest and an investment called an endowment which is supposed to grow enough to pay off the capital at the end. The majority of endowments however have failed to do this.
Endowment compensation has arisen due to the events in the 80’s and 90’s where many home owners were advised to invest in an endowment policy to pay off their mortgage. An endowment as a repayment vehicle is a policy which provides life cover and is designed to pay off the mortgage and also provide a lump sum on maturity.
Such sales pitches were regularly banded about encouraging sales staff to sell endowments so as to maximise their commissions. Many of these sales advisers were poorly trained and ended up selling an endowment policy to family members, friends or even to themselves just to keep their jobs.
About to surrender your endowment mortgage? Have you considered selling your endowment mortgage on the second hand traded endowment policy market? The policy must have a minimum endowment policy surrender value of £2000.In the majority of cases a better surrender value can be obtained on the traded endowment market, compared to that offered by your life assurance company. The difference can be as much as 35% more for your endowment policy.
You may be one of the 5 million people in the UK who was miss
sold their endowment policy, and it will cost you nothing to
find out. By simply filling out our online form we will assign
an expert in endowment compensation to review your endowment complaint and with an average payout of £5000 for most UK
endowment compensation claims, with a no win no fee service you've
got nothing to lose.