What is endowment claims, endowmant shortfall, and an endownment policy?
Somebody in another forum I read asked about it, and I've read an FAQ about endowmant claims at a UK website, but I'm having problems understanding it completely. It sounds something like Primerica's model of life insurance, where you get an interest-only mortgage then "invest the difference" and use your investment to pay off the principal when it comes due. Am I close? Is there an equivalent product in the United States?
No, I'm not interested in buying or selling a product like this. I'm told I need an endowment policy like a fish needs a bicycle.
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