life insurance endownment policy

trappie

hi
I am after a life insurance ( as I am now self employed).
what I am after is a sort of endowment policy that will pay out if I die and if not I get some money back after the fix time.


I have done this before when they wanted to charge £10 extra to put me on my wife's house policy in case I died . I paid £25 for a new policy and basically got my money back when the policy finished.


any one has a policy like this or can tell me where the best deals are please. or is worth it now a days ?


thanks for reading this mark

Quentin

Endowment policies aren't to be seen.


Do your investing separately to your insurance!

InsideInsurance

trappie wrote: »

hi
I am after a life insurance ( as I am now self employed).
what I am after is a sort of endowment policy that will pay out if I die and if not I get some money back after the fix time.

They pretty much dont exist anymore.

The product was basically a life insurance policy and an investment product bolted together. Premiums were significantly higher than a pure life cover policy because of the investment bolt on.

Its since been "decided" that it is better to buy the two things separately so you can get best of breed for both rather than a preset combination that tended to be middle of the road at best.

dunstonh

hat I am after is a sort of endowment policy that will pay out if I die and if not I get some money back after the fix time.

Last mainstream provider of endowments withdrew from retail in 2004. They became obsolete due to stocks & shares ISAs and decreasing/level term being a better option.

trappie

many thanks for you quick response. no wonder I could not find any lol