Endowment Policy

An endowment policy is a long-term investment product, that will pay out a lump-sum after a (long) specified period of time, or upon the death of the investor. Endowment policies are sold by life-assurance companies, who invest your money in shares, property and other types of investment products. The value of your policy can therefore increase or decrease, depending on the success of your life-assurance company’s investment strategy.

See also:

  • Non-Profit
  • Open Ended Investment Companies (OEICs)