selling as endowment policy,
http://www.sellinganendowmentpolicy.com/
Endowment Mortgages are the mortgage loan arranged on an interest-only basis where the capital is intended to be repaid by one or more (usually Low-Cost) endowment policies.
we can say, Endowment Mortgages is supposed to lower your mortgage payment and are the much cheaper than standard mortgage policies like repayment mortgages.That means , we pay only the interest on the amount borrowed .Endowment Mortgages also gives additions like small sum into a policy that is supposed to be ever-increasing.After paying continuosly , we can take money to pay off our capital .
wikipedia says ""The customer pays only the interest on the capital borrowed, thus saving money with respect to an ordinary repayment loan; the borrower instead makes payments to an endowment policy. The objective is that the investment made through the endowment policy will be sufficient to repay the mortgage at the end of the term and possibly create a cash surplus."
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