An endowment policy has two elements to it. Firstly, it provides
life assurance so that should you die during the term of the policy
a lump sum is payable (known as sum assured).
Secondly, when the policy reaches the end of the term you will
receive a lump sum which is known as the maturity value. Endowment
plans usually have higher premiums than term assurance or whole
of life cover for similar levels of life cover, because of the
additional investment element provided.
This type of policy is not available on this site.
