If you have recently received an UPDATE
ON YOUR MORTGAGE ENDOWMENT POLICY and would like to discuss
which option is best for you, or have any further questions, please
call our Customer Helpline free on
0800 262536 Monday to Friday, between
8.00 a.m. and 6.00 p.m.
To make sure you are kept fully informed
about the progress of your Policy, we will send you a regular
update,
currently at least every two years. As well as these updates, your
Policy will also be regularly reviewed to calculate the premium
you need to pay to achieve your target mortgage amount.
Things you need
to know about your Policy
How your Policy value is calculated
The investment funds
The options available to you if your circumstances have
changed
How to change your Policy details
What to do if you cannot afford to pay the Policy
premiums
Points to consider if you are thinking of cashing
in your Policy
The alternatives to cashing in
Should you cash-in
your Policy?
What cash-in means
Should you cash in your Policy
The pro’s
The con’s
The alternatives
How your Policy value is calculated
What happens if you stop paying your premiums
Frequently Asked Questions
How do I know if I
have a mortgage endowment Policy?
If
your Policy documentation or correspondence refers to any of
the following products, you have a mortgage Endowment Policy
with Countrywide Assured.
Asset
Enterprise
Home Purchase Plan
How does an endowment
Policy work?
Your
commitment to paying premiums throughout the term of your Policy,
provides a specified amount of life assurance designed to pay
all or part of your mortgage in the event of death. Part of
the premiums we receive are also invested on your behalf with
the aim of building up a cash lump sum sufficient to repay
your mortgage at the end of the Policy term.
Is mortgage repayment guaranteed?
The value of your
Policy at maturity is dependent
on future returns. Your Policy is reviewed regularly to monitor
it’s growth in line with expectations. If your review
highlights a possible shortfall, we will advise you of the
increased
premium required to put you back on target.
How do I know if
my Policy is on target to repay my mortgage?
In addition to
the reviews above,
we will be writing to you regularly to tell you whether your
Policy is on target to repay your mortgage. If a shortfall
Is highlighted, you will be notified of your options at that
time.
How can I get details
of the current value of my Policy?
Contact
our Customer Helpline free on 0800
262536 Monday
to Friday,
between 8.00 a.m. and 6.00 p.m. A member of the team will be
happy to help you.
Countrywide Assured plc
is authorised and regulated by the Financial Services Authority.
Countrywide Assured plc can only give advice on Life Assurance and Income
Protection Insurance business of Countrywide Assured plc.
