Information for people who have been mis-sold endowments and are seeking compensation

Endowment Glossary

Definition: "Life Assurance"

Life Assurance is…

An insurance policy that, in return for the payment of regular premiums, pays a lump sum on the death of the insured.

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More endowment related definitions:

• Advance
• Agent
• Amber Letter
• Assignment
• Buy to Let
• Cancellation Notice
• Churning
• Demutualization
• Early Repayment Charge (ERC)
• Endowment Policy
• FOS
• FSA
• Further Advance
• Green Letter
• Interest Only Mortgage
• Life Assurance
• Maturity
• Negative Equity
• Red Letter
• Remortgage
• Repayment Mortgage
• Reversionary Bonus
• RPB

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Endowment Glossary
Definitions of some terms that are widely used relating to this issue.

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