Endowments are investment policies designed to run for a set period of time, with money paid into the endowment invested with the aim of meeting a target amount.

Money paid in also pays for life cover that pays out the target amount if one of the people covered dies during the policy term. Some endowments also provide the option for other insurance benefits, such as critical illness or disability cover.

Types of endowments

Endowments can work in different ways:

Money paid into the endowment buys units in one or more investment funds. The value of these units can go up or down in line with the investments that make up the fund, affecting the final value when money is taken.

Money paid into the endowment is invested in a with-profits fund, together with the savings of other policyholders.  Bonuses are then added to the policy, depending on how the investments in the with-profits fund perform. There is no guarantee that a bonus will be applied each year, but once a bonus has been given, it is guaranteed. These endowments normally have a minimum final value (known as the sum assured) which is added to any bonuses due when money is taken.

These pay out a guaranteed amount either at the maturity date, or if one of the people covered dies during the policy term.

Related documents

Use the drop down below to get the documents and help you need

Fund prices

Money paid into the policy buys units in one or more investment funds. The value of these units can go up or down in line with the investments that make up the fund, affecting the final value when money is taken.

The easiest way to start searching for fund information is to look at your most recent annual statement and type in the name of one of your funds into the search box below. From this we’ll be able to show you funds that are only available to customers from your original policy provider and your fund type.

Please note that not all funds will be available for your particular policy, so you should look at your policy documents to find out what you can invest in. Remember if you look at the total charges for any of the funds, you may also have product charges too. You can find out about these from your policy documents.

The majority of our prices are shown online in pence (GBX) apart from former Alico funds which are shown in pounds (GBP).

The value of the units is not guaranteed and can go down as well as up.

Useful documents

Click here to access useful documents for ReAssure funds

Important information

The information made available on Morningstar’s tool is taken from a variety of sources and is for general information purposes only. The information has not been tailored to your particular circumstances and does not constitute a personal recommendation or financial advice.

If you need assistance in reviewing your investments, you should speak to a Financial Adviser. You can find a Financial Adviser in your area at unbiased.co.uk.

You should also read Morningstar’s general disclaimer here

Money paid into a policy is invested in a with-profits fund, together with the savings of other policyholders.  Bonuses may be declared by ReAssure and added to the policy, depending on how the investments in the with-profits fund perform.

There are three with-profits funds that ReAssure customers are invested in:

  • The Guardian Assurance With-Profit Fund
  • The National Mutual With-Profit Fund
  • The Windsor Life With-Profit Fund

If you’re not sure which with-profits fund you’re invested in, you should look at your most recent annual statement or bonus notice.

Guardian Assurance
With-Profit Fund

National Mutual
With-Profit Fund

Windsor Life
With-Profit Fund

Making a claim

How do I access the money from my endowment?

As your endowment runs for a set term, you’ll receive a letter from us shortly before its maturity date which will tell you what you need to do to claim your money.

If you’d like to cancel your endowment before its maturity date and receive its current value, please call us and we’ll let you know what you need to do next.

If you’re looking to make a claim on an endowment as the person covered has died, or you want to make a claim on another benefit such as critical illness, you should go to our Making a claim section.

Here you can find out how to get in touch with one of our dedicated claims handlers, learn what information you’ll need before you call, and understand the steps in the claims process.