Endowment Test - Greg Vaughan

Endowment Test

Posted on July 29, 2014 by GregVaughan — No Comments ↓

The 60 second mis-selling test…

Please answer the six questions below. The result will indicate whether you were the victim of mis-selling or not.

It is important to bear in mind the test is only an indicator. It doesn’t mean you definitely were mis-sold (if that is the result) or that you will be entitled to compensation. Please contact me whatever the result and I will carry out a more in depth analysis for you (free of charge, of course).

Endowment Mortgage: Quick Test

Question 1 of 6

Did the financial adviser explain there was a risk that an endowment policy might not provide a large enough maturity value to fully repay the mortgage loan?

Question 2 of 6

Did the financial adviser explain about other mortgage types; i.e. repayment mortgages?

Question 3 of 6

In your opinion, did the financial adviser gather sufficient information about you, your personal circumstances, and your plans and priorities before recommending the endowment mortgage?

Question 4 of 6

Did the financial adviser establish your attitude towards taking risks with repaying your mortgage?

Question 5 of 6

Did the financial adviser inform you that the endowment policy would invest in the stock market?

Question 6 of 6

Did the financial adviser say you would also receive a surplus lump sum after your mortgage was paid off?

Thank you for taking the test , please click the button below to find out your result.

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