What is an endowment?

An endowment is a combination of an investment and a life insurance policy.

It's designed to pay out the final value of the investment when it matures. Or, should the worst happen before the policy matures, it will pay out a minimum of a fixed lump sum death benefit.

Related frequently asked questions

Will I receive the money when my policy matures?

Generally, we pay you as the original policyholder, except when:

  • the policy is assigned to another person or company, in which case we will pay the money to them
  • the policy is held under trust, in which case we will pay the trustees
  • you have asked us to pay the money to a solicitor where they are accepting money or acting on behalf of the policyholder. If it's a joint policy and the policy holders are no longer together then a percentage to each may be paid.

I didn't take out my policy with Aviva. How can I be sure that the mergers, takeovers and size of Aviva haven't affected my return?

We're a financially strong company, which is reassuring in these difficult economic times.

We're fully committed to treating customers, as a group, fairly at all times. If you are invested in with-profits you may be already aware of our With-Profits Committee, which brings independent expertise and oversight, to make sure fairness is fully considered in our with-profits decision making.

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