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It was a term assurance rather than it being an endowment insurance.
It will sell insurance products, including savings-oriented endowment insurance policies.
Examples are endowment insurance policies, investment trusts and unit trusts.
-More than 85 percent of the people should be covered by urban unemployment, medical insurance, and basic endowment insurance programs.
It is increasingly common to dispense with deeds of assignment in respect of endowment insurance policies and simply to have a notice of deposit.
Endowment insurance is paid out whether the insured lives or dies, after a specific period (e.g. 15 years) or a specific age (e.g. 65).
Endowment Insurance A form of insurance where the amount is payable to the insured at the end of the contract period or to a beneficiary if the insured dies before that.
Leonard Simmonds Associates Ltd (trading as LSA) of Malvern, Worcestershire for traded endowment insurance policies for endowments.
If you are considering arranging a with-profits endowment policy to link up with your mortgage, always ask your mortgage lender or financial adviser for details of the past performance of the endowment insurance company they are proposing.
The Company's property insurance products include car insurance, insurance of family's properties, liability insurance, investment type insurance and accident insurance/injury insurance, while its life insurance products include endowment insurance, health insurance, juvenile assurance, insurance cover services and petty insurance.
(f) Notice to insurance society When an endowment insurance policy on the life of a buyer-borrower is to be assigned to that person's mortgagee (commonly building society or bank) notice of the assignment must be given to the insurance society when the policy has been assigned.
In the case where the annuity and life insurance are not whole life, one should replace the insurance with an n-year endowment insurance (which can be expressed as the sum of an n-year term insurance and an n-year pure endowment), and the annuity with an n-year annuity due.
But this still leaves you with the problem of what to do about the endowment policy.
The other method is to take out an endowment policy in both names.
So in fact there's still an endowment policy on you to cover that mortgage?
In the past the endowment policy was often taken as additional security by lender.
We would then have used the endowment policy to repay the capital.
This practice has created a thriving industry of endowment policy buyers.
We will require a charge on the endowment policy.
The with profits endowment policy was sold alongside an interest only mortgage.
This may, for instance, be in the form of an endowment policy or a mortgage payment protection plan.
The odds are you'll now need a bigger loan, and the original endowment policy will not give enough cover.
Now, many companies offer to buy the with profits endowment policy from the holder for more than the surrender value.
The endowment policy also had monthly premiums to pay which ran for the term of the mortgage.
Popular options are repayment linked to either an endowment policy or a pension plan.
An endowment policy pays a capital sum to the insured at a specified time in the future, or on death if earlier.
You you can carry on paying an endowment policy.
Would you advise paying off the mortgage and letting the endowment policy run to maturity or should we leave things as they are?
Homeowners were told that the endowment policy would cover the mortgage and provide a lump sum in addition.
Concurrently with these interest charges, you contribute a monthly sum to an endowment policy.
There can be remarkable differences in the bonuses paid to investors by the various companies offering endowment policies.
An an endowment policy, and endowment mortgage and that was it.
More than 3 million homeowners face the likelihood that their endowment policy, when it matures, will be worth too little to pay off the mortgage.
Sales of traditional industrial life insurance policies plunged by half, but there has been a growth in endowment policies.
Whereas an endowment policy it doesn't matter.
The borrower might get an even worse deal if the lender also insists on selling an endowment policy of some sort to back the mortgage.
He took out an endowment policy ten years ago to mature when he reached the age of sixty.'
People were getting educated to endowment assurance you see.
Endowment Assurance Fund - a type of maturing investment popular at the time.
A life insurance and Endowment Assurance Scheme was introduced for the benefit of the employees.
Santhosh (endowment assurance)
Gram Sumangal (anticipated endowment assurance)
Yugal Suraksha (joint life endowment assurance)
The Plan offers the safety and security of a with-profits endowment assurance, plus the protection of increasing life cover as bonuses are added to your Plan.
They explained to him that there was no provision in the premium rate charged for his endowment assurance to allow for residence in such a hazardous part of the world.
Endowment assurance is a form of saving as your life will be covered for a fixed term and, at the end of it, you will be paid a fixed amount, plus bonuses.