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Whole of Life insurance with Profits and Endowment. How does this work?

this is regarding a recent question i asked about the Endowment - the reason i ask is due to recently finding my Grans Policy, 11 years after her death. The policy was whole of life with profits and with a periodical endowment, she'd paid it for 30 years from 1966 to 1996 and it was fully paid up. According to the insurance company she was paying £2 per month over that period. The settlement figure they have quoted is £278! which seems ridiculously low.

Public Comments

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