Selling Endowment Policy - Other considerations
View PDF | Print View
by: shaunyboy
Total views: 3
Word Count: 368
Making an endowment claim or an endowment complaint is easier than you may think, so if you have an endowment shortfall read on.
With an average payout of £5000 why wait?
Endowment misselling was common in the eighties and nineties and did not attract the regulators attention until the guarantee was withdrawn. People bought in to endowment policies because they were led to believe by an IFA (independent financial advisor) or other salesman that it was the best and most popular way to pay off their mortgage. Wrong.
In many cases these advisors were poorly trained and failed to tell the endowment policy holders about the risk element of their endowment mortgage investment.
Many people are surprised when they find out that their endowment policy is linked to a fund investing in the stock markets around the globe. Most people openly admit that they can't afford to be taking such a high risk when it comes to paying off the mortgage.
Despite these risks people continued to invest in endowment mortgages, largely because they were poorly advised by the people they trusted. Everything would have been fine but for the unfortunate set of events outside of the mortgage industry that played a big part in the failure of these particular investments. So naturally with the downturn in certain areas of the stock market, many endowment policies have dropped considerably in value.
Currently many endowment mortgages are expected to fall a long way short of the target amount needed to pay off the mortgage. If poor advice by agents of the life company has affected your policies expected performance, you are indeed a victim of the endowment shortfall crisis and are entitled to make a complaint and claim.
It wont cost you a penny to find out if you are eligible to make an endowment misselling claim for compensation and it doesn't matter if you no longer own the policy, you can still claim.
You could stand to make a substantial amount depending on your endowment policy. Start your claim today before the time bar says you're to late.
The average endowment claim is worth around £5000 but in some cases this figure can rise to as much as £30000 or more depending on your particular situation.
About the Author
If you are selling endowment policy or you just need a little endowment policy information visit Orchard Endowments.
HTML For Publishers
Please note: This article is free to reprint but all links must remain active.
Rating: Not yet rated
