Unit Linked Endowments
Unit linked endowment policies were specifically designed for use with mortgage repayment and are being offered by life offices more and more. They differ quite substantially from with-profit endowments in the way they work. As with other endowments, you still make interest payments on the full value of the loan until the investment element has accumulated enough to repay the whole endowment mortgage amount.
Unlike a "with profits" endowment policy, a unit
linked policy has no guarantees, and therefore is a much higher
risk as its value is directly linked to the fluctuation of
the stock market. Most people are surprised to hear that their
policy is linked to the stock market, and may have tried to
sell a unit linked policy in the past, and chances are, they
were disappointed.
It’s quite possible you were miss sold your 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.