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About Endowment Misselling ::

According to latest statistics 8.5 Million With Profit Endowment Policies are likely to fall short of their target amount at maturity. Not surprising then that policyholders complain through the media, consumer groups and mis-selling companies, feeling cheated and believing that their endowment policy/ mortgage endowment policy has been mis-sold to them.

Every month the FOS (Financial Ombudsman Service) handles hundreds of endowment shortfall complaints.

Endowment Check is not here to judge whether policyholders have a case for “endowment compensation”, Endowment Check is here for the simple purpose of giving endowment with profit policyholders the tools to calculate the maturity of their policy based on current bonus rates, thus finding out today whether a policy is in real danger of falling short.

Endowment Check WILL NOT provide you with the projected growth figures of 4%, 6% and 8% you get from the life offices! Why? Because: these are after all just projection figures and not maturity calculations. In order to work out the real Maturity Value of an Endowment With Profit Policy, a life company uses factors like bonus rates and the sum assured relating to a policy. However they will only use this calculation at the end and NOT during the term of your policy!

Do you really want to wait until maturity – or would you rather have the opportunity to have a glance into your financial future now, finding out what the value of your policy will be at current bonus rates?

An Endowment Check maturity value calculation is not an estimate or a guess; it is an exact calculation using, depending on the Life Office, values like Sum Assured – Accrued Bonuses – Terminal Bonus, to determine the maturity value of your policy TODAY.

This breakdown is for illustration purpose only! Different Life Companies use different combinations of bonus rate calculations at maturity. *In particularly good years a special bonus might be allocated to a policy.

Whether you are a private individual or a Financial Advisor, our shortfall calculation will provide you with a snapshot of what your endowment policy will pay at maturity using today’s bonus rates including terminal bonus. You can then see for yourself how much the shortfall or a surplus of your policy will be.

And what happens if bonus rates change in the future?