Instantly get 400 quotes
Compare the market
- 100% free
- Fast Endowment insurance quote
- Save a massive 40%
Endowment Life Insurance Glossary
Endowment Life Insurance
An extremely popular type of life insurance. It is cover that contains a life insurance policy as well as an investment element. The policyholder takes out a policy and it matures over a number of years (typically 10, 15 or 20 years) and then pays out a lump sum or on death.
The length of the insurance policy.
The amount paid each month as part of the endowment life insurance contract.
The date when the policy ends. An endowment life insurance plan will payout a certain amount on maturity.
A life insurance option that allows both premiums and the sum assured to be increased in line with RPI.
Term Life Assurance
Life assurance than only lasts for a specified number of years. The policy pays out if the policyholder dies during the term of the cover, however if at the end of the cover no claim has been made there will be no pay out and the insurance simply ends.
Decreasing Term Life Insurance
A type of term life insurance where the lump sum payout decreases over time. Often referred to as mortgage life insurance designed to protect payments for a reducing mortgage.
Level Term Life Insurance
A type of life insurance cover where the lump sum payment does not reduce over time. Often used to protect a family and provide a known payment throughout the term of the cover.
Critical Illness Cover
Insurance that protects against the policyholder contracting a critical illness that is written in the insurance contract.
Convertible Term Insurance
A policy that provides the ability to change a level term life insurance policy into a whole life, investment or endowment element. Therefore it will provide an investment element at or near maturity.
Whole of Life Insurance
A common variety of permanent life assurance which provides guaranteed amount of death benefit and guaranteed returns on cash values. Premiums are fixed and therefore guaranteed not to increase.
40% Off Endowment Cover
If you don't find the best value endowment life insurance quote now, over the lifetime of the policy this will cost you £1000's. Unlike other comparison sites we only provide quotes for Endowment Insurance which means you can speak to experts as well as getting great prices. Complete our form and find out your lowest quote.