If you are unsure about where you stand with your policy then it’s a good idea to get advice and if you think that you might have fallen prey and been mis-sold your endowment mortgage then do claim for compensation.

The endowment policy letdown, will it happen to you?

A frightening thought but back in 2003 in reality it did happen. A staggering one in three endowment policies from Norwich Union fell short of their promise and did not cover the mortgage debt owed.

Although it is only fair to say that was the first time endowments from Norwich, which matured, have fallen short of their promise.

During the ‘80s and ‘90s the endowment mortgage made up almost 60% of new mortgages with 35% being made up by repayments.

Not long after this endowments not surprisingly dropped in popularity down to around 10% of all new mortgages. The repayment mortgage became the ‘in thing’ making up 75% of new mortgages.

More worryingly for those with endowment policies yet to mature is the thought that, on average, by the time they reach maturity, they will be several thousands of pounds short of hitting the target.

However there could be some light at the end of the tunnel. If you think you may have been mis-sold an endowment policy then it might not be too late to claim and win compensation.

However act now before leaving it too late or you could lose out. It seems that 62% of all people who are coming face to face with a shortfall at maturity have done nothing about it.

Endowment Compensation
...Many people have been mis-sold an endowment policy and have only now discovered the risk involved with endowment mortgages. some people will have grounds for a claim based on their circumstances.

Compensation for Endowment Shortfall
Yet insurance industry estimates that only six per cent of people eligible to complain, have done so...Most policy holders appear to be reluctant because the process involved is confusing.

Endowment Compensation Online
Although rules changed on June 1 to ensure endowment mortgage customers get a six-month warning before they pass the deadline for a claim, the Treasury admitted as many as 700,000 policyholders are already time-barred from making a complaint - that is, they have left it too late.

Fast Endowment Compensation
Although the crisis for insurance companies is projected to peak in 2013 it is increasingly difficult to see how those who don't grumble will get much of a payout after successful complainers have collected so much money.... This is the fantasy world we enter when we decide that unsuccessful investments merit compensation when they fail to hit the jackpot.

One way of dealing with your endowment policy shortfall

Solutions to endowment policy shortfalls

Dealing with failing endowment policies

The endowment policy letdown, will it happen to you?

Don’t lose out with your Endowment policy

More home owners draw the short straw