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Endowment selling is the practice in the United Kingdom of selling an endowment policy to a third party. This is often an attempt to gain more money than the value given when surrendering the policy to the original life assurance company. ==Background== With-profits endowment policies were aggressively sold for many years, especially during the late 1980s and early 1990s, by UK insurance companies. The policies were marketed as an almost guaranteed way to pay off a mortgage and leave the policy holder with a lump sum once it had matured. The with profits endowment policy was sold alongside an interest only mortgage. By only paying interest, mortgage repayments were kept low. However, in addition the mortgage holder had to pay monthly premiums on their endowment which ran for the term of the mortgage, typically 25 years. The insurance company would invest most of the premium into their with profits fund, which in turn would invest in a balanced portfolio of largely UK based stocks, shares, property and fixed interest assets. A small amount of the premium was used to provide life cover for the policy holder. The aim was that the return on the with profits endowment would be in excess of the mortgage interest over the term of the mortgage. Hence, the mortgage holder would effectively create a leveraged investment that would aim to repay the mortgage sooner, and\or provide a surplus. The projected endowment returns used in selling these types of products was often in excess of 10%pa. As these levels of return have not been achieved over recent years, many endowments are currently maturing (or are projected to mature) with a significant shortfall. This has led to endowment misselling compensation claims being made in the UK. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Endowment selling」の詳細全文を読む スポンサード リンク
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