Endowments Explained
Endowments are where a life company agrees to pay its customer
a fixed amount (called the sum assured) at the end of
a term of fixed payments (these payments are normally
paid monthly) over many years, determined by contract
and providing that the monthly premiums have been paid.
The Endowments company use this money to invest and then
share the profits with the Endowments holder each year.
In effect, the Endowment Policy holder is taking a share
of the life companies profits from wise investments.
The Endowments final value will include any profits accumulated
from the money. These profits are declared annually and
are paid to the Endowment Policy holder when the contract
is finished. In the result of death by the policy holder,
the Endowments Life Benefit will be paid directly to their
estate.
If you are considering surrendering your policy back to your life office you may not realize that selling it on the second hand market could earn you as much as 35% more.
We send your policy details to market leading policy buyers who will then review the endowment policy you are selling. If they are able to make an offer for your mortgage, they will contact you directly. There is no obligation to sell at this point but you can at least consider an offer of up to 35% more than your endowment policy surrender value quoted by your life company.
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 endowment claims, with a no win no fee service
you've got nothing to lose.