In the 70's and 80' in the UK, endowment policies were issued with the thought to be able to pay off mortgage loan completely. However, it failed. It is not enough to cover the mortgage due.
When people are in need of extra cash, they surrender the policy to the issuing insurance company for a very low price. To the extend that the UK government stepped in with legislation to protect consumers by informing them that they may have higher value with a endowment policy selling service. Through such services, the endowment policy holder may receive up to 35% more for their policy.
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