What is paid out when maturity occurs for a unit linked endownment?

Question

endowment, sorry

Answer 1

The value of the investment at maturity.  With an unit linked endowment part of the money you pay in goes into providing life assurance and the rest is invested into fund units.  Each payment buys more fund units to add to your pot.  The value of the fund units will go up and down depending on how the investment is doing in the current market.  At maturity, the number of units held multiplied by the value of each unit will be paid out to you as a cash sum.  The value could be higher than the amount paid in but unfortunately it could also be lower depending on the fund performance and the value at that time.

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