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With Profits Endowment Policy - Eh?

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Stav | 10:56 Tue 25th Feb 2003 | How it Works
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What is a 'With Profits Endowment Policy'? I hear an advert on the radio about selling one, but what is it??
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Avatar Image simon_says
I think it's a policy where, if the company makes a profit, you get a share in those profits, i.e. you get a bigger return on your investment. Not an expert on this, and I'm sure that somebody out there will either correct me or expand on my answer.
11:14 Tue 25th Feb 2003
Avatar Image couchy
Simon says is right - big profits = big bonus, small profits = small bonus and no profits = no bonus. Get some advice b4 buying one of em.
06:56 Sat 01st Mar 2003

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With Profits Endowment Policy - Eh?

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