Endowment Review

Don’t know what to do with your endowment?

If you have an endowment policy and it is not on track to pay your mortgage or has a projected shortfall, you can get an independent endowment review to help you understand the options available to you.

As a result of volatile stock market conditions over the past decade, many endowment policies taken out in the 1980s and 1990s are unlikely to pay out the amounts originally estimated.

If you took out the endowment to pay off a mortgage liability the endowment may not pay out enough to do so.

You should have been receiving letters over the last few years from your endowment provider telling you:

• If your endowment policy is still on track to pay off your mortgage at the end of the term;
• the amount of projected shortfall, if any 
• the options open to you
• what further action you need to take

You may also have received an endowment surrender value from your provider.

If you have an endowment and need advice about the options available to you, or you are intending to surrender the policy, you should get independent advice.