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The endowment policy or endowment mortgages as they are called, is more of a guarantee that the mortgage holder will be able to service his loan when it comes due and in the United Kingdom it is known as endowments. However, it was later realized that the endowments were incapable of paying enough to cover the mortgage amount coming due. In short, it was plagued by shortfalls. To complicate the matter eve further, policyholders were surrendering them to the issuing insurance companies for a song. This had to stop hence the government's move to allow for the establishment of a sell endowment service which enabled policyholders to get a higher value for their endowments
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