understanding financial jargon
Full Endowment Mortgage
The Full Endowment Mortgage is an interest only mortgage through which capital is repaid by the proceeds of a with-profits endowment life insurance policy. The basic sum assured is equal to the mortgage, guaranteeing that the loan will be paid off in the event of survival or death. A tax-free bonus is sometimes also payable, subject to investment performance.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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