Endowment assurance
An endowment policy has two elements to it. Firstly, it provides life assurance so that should you die during the term of the policy a lump sum is payable (known as sum assured).

Secondly, when the policy reaches the end of the term you will receive a lump sum which is known as the maturity value. Endowment plans usually have higher premiums than term assurance or whole of life cover for similar levels of life cover, because of the additional investment element provided.

This type of policy is not available on this site, though it is through our partner, Yours4Money.com