With Profits Endowment Policy - Eh?

[Stav]

What is a 'With Profits Endowment Policy'? I hear an advert on the radio about selling one, but what is it??

[simon_says]

I think it's a policy where, if the company makes a profit, you get a share in those profits, i.e. you get a bigger return on your investment. Not an expert on this, and I'm sure that somebody out there will either correct me or expand on my answer.

[couchy]

Simon says is right - big profits = big bonus, small profits = small bonus and no profits = no bonus. Get some advice b4 buying one of em.