Selling A Century Life Endowment Policy


Endowment performance
This Is Money.com

ENDOWMENT performance matters. If performance is bad you may find that you will have a shortfall on your mortgage. Here are the latest payout figures for 25-year with-profit endowments*. They relate to a 29-year-old non-smoking man who paid in £20 a month for 25 years, with the policy maturing in April 2003.

Some companies are missing from this table because they refused to provide figures for Money Marketing's researchers, who compiled the table, usually claiming that as they no longer sold these policies the figures would be meaningless. This is true but unfair as it means that people with their endowments have no way of making comparisons.

WITH-PROFITS ENDOWMENTS
Company

Maturity value inc terminal bonus

Rank 1

Maturity value exc terminal bonus

Rank 2

AMP London Life (a)

N/S

-

N/S

-

AMP Pearl (b)

24,467

14

13,839

18

Britannic

N/S

-

N/S

-

Canada Life

N/S

-

N/S

-

Century Life

N/S

-

N/S

-

CIS (c)

26,150

12

12,330

22

Clerical Medical (d)

26,690

11

15,982

7

Clerical Medical (e)

N/A

-

N/A

-

Eagle Star Life

N/S

-

N/S

-

Ecclesiastical

30,370

7

15,818

8

Equitable Life

N/S

-

N/S

-

Family Assurance

N/S

-

N/S

-

First State Investments

N/S

-

N/S

-

Friends Prov

24,400

15

15,762

9

GE Life (h)

N/S

-

N/S

-

Guardian

23,334

18

13,322

19

Hearts of Oak

N/S

-

N/S

-

Ideal Insurance

N/S

-

N/S

-

JP Morgan Asset Mgmt (i)

N/S

-

N/S

-

Legal & General

23,150

19

17,069

3

Life Ins Corp of India

N/S

-

N/S

-

Lincoln

N/S

-

N/S

-

Liverpool Victoria

37,176

2

14,178

16

Lloyds TSB

N/S

-

N/S

-

MGM Assurance

N/S

-

N/S

-

NFU Mutual

31,536

5

16,870

4

Norwich Union

27,529

10

16,485

6

Prudential

N/S

-

N/S

-

RNPFN

N/S

-

N/S

-

Royal & Sun

N/S

-

N/S

-

Royal Liver (f)

24,850

13

13,237

20

Royal London

34,710

3

16,609

5

Scottish Amicable

22,458

22

15,705

10

Scottish Equitable

22,924

20

15,006

13

Scottish Friendly

N/S

-

N/S

-

Scottish Legal Life

N/S

-

N/S

-

Scottish Life

28,313

9

15,020

12

Scottish Mutual

22,911

21

14,063

17

Scottish Provident

N/S

-

N/S

-

Scottish Widows

23,389

17

14,349

15

Standard Life

29,802

8

14,976

14

Teachers Provident

23,981

16

15,341

11

The Children's Mutual (g)

32,853

4

17,548

1

The Red Rose Friendly Society

37,743

1

13,015

21

Tunstall

N/S

-

N/S

-

Wesleyan Assurance

30,812

6

17,340

2

Winterthur Life

N/S

-

N/S

-

Figures are based on a single life policy taken out by a non-smoking male age 29 years, 6 months exact at inception for premiums of £20 a month for 25 years. All maturity and surrender values are as at April 1, 2003. Rankings based on level of maturity values. N/A - not applicable/available. N/S - not supplied.
Notes: (a) Formerly London Life (b) Formerly Pearl Assurance (c) Formerly Not sold after August 2001 (d) Traditional with-profits (e) Unitised with-profits (f) Surrender values are only permitted after two years' premiums paid (g) formerly Tunbridge Wells Equitable (h) Figures include national mutual (i) Formerly Save & Prosper