Do You Have An Endowment Policy?

endownment policies

Have you got an endownment  policy that you hope will eventually pay off your mortgage? If you do there’s an extremely good possibility that it may not be adequate to reimburse your mortgage at the end of its natural term. If you’ve been reading the monetary press you’ll already know this.

And if you have lately received a Red Letter from your endowment mortgage corporation then you may already definitely know! So what do you do now? You should act fast to make sure you can meet the potential shortfall when your endowment matures.

You could be displeased with the way your policy was sold to you in the 1st place, and you’d be in good company if you were, as many thousands of folk have been and are taking steps against their endowment company. If this is applicable to you too, you do have the right to make a complaint, providing that you do something positive about it and bitch within 3 years of receiving your first Red Letter. If you do not complain inside that time, then your complaint might be confounded out of hand, irrespective of how justified your case might be therefore the pressure.

So who should you moan to? In Great Britain you want to protest to the company or person ( maybe a monetary aide ) who sold you the policy in the 1st place and this could be different to the company that essentially issued the endownment  policy.

Explain your current position and tell them that you want to make a formal complaint. They should then give you a complaints process that you need to follow.