What is endowment insurance?
Endowment insurance is a form of life insurance which
involves paying monthly premiums over a set period of
years. The idea is that the endowment insurance policy
will pay out a lump sum when it matures anyway, or if
the holder dies before it matures, the endowment should
pay out however much it is insured for.
With-profits endowment insurance
With-profits endowment insurance involves the insurance
company bunching together the monthly endowment premiums
you pay alongside other stocks and shares. This means
that you can end up with more money in bonuses upon the
maturity of the endowment, provided the extra investments
perform well.
Unit-linked endowment insurance policies
A unit-linked endowment insurance policy is riskier,
as it only guarantees to pay out upon death. It will
only out a lump sum upon maturity if the investments
it depends upon perform well enough on the stock market
over the years. Of course, if they do perform well, then
the benefits of this kind of endowment is considerable,
and can far out-weigh those of a with-profits endowment
insurance policy.
Call Brunel Franklin now on freephone 0800 970 2222
If you need endowment advice, simply get in touch with
our experienced staff and make your endowment claim today.
You can phone us free, and let Brunel Franklin handle it
all for you - hassle free!
To talk to our experienced team and get endowment mortgage
advice and find out about making an endowment claim contact
us on 0800 970 2222.
|