These are a common form of investment policy. Regular premiums are paid, and when the term of the endowment expires a lump sum is paid out. The lump sum may be used to repay a mortgage, for example.
Most endowments have a protection element such that if the policyholder should die then a lump sum becomes payable.
Endowments
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| [firmName] is Authorised and Regulated by the Financial Services Authority. is entered on the FSA register (www.fsa.gov.uk/register/) under reference |