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Endowment Express does not offer personalised financial advice and all transactions are on an execution only basis. Always consult an independent financial adviser if in doubt.
Commercial Union Endowments
A large number of mortgage endowment policies were sold by many companies including Commercial Union and unfortunately, there may be a shortfall in payout amounts when some of these policies mature. Returns on some endowment policies have not lived up to expectations and, despite mis-selling complaints and demands for compensation, the outlook for these endowments may not meet expectations and your with-profits policy value may disappoint.
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Before you buy another endowment, consider what has happened in the past.
About Endowments
Millions of endowment mortgages were issued in previous decades and some endowment policies are no longer expected to pay off the mortgage they were designed to cover. Endowment policies are complex financial assets that blend life assurance and investment value in one product. From flexidowments to unit linked endowments, they were a great financing idea but factors such as lower interest rates and declining stockmarket returns have contributed to their demise. Now, some of those who own policies are selling them on the second hand (secondary) endowment market as an alternative to endowment surrender.