Endowment Shortfall - New questions

Feb 03, 2004 0 Replies

Hi,



I have an endowment policy to pay off my mortgage (about 10 years left). I had a shortfall letter from the company but they can't tell me how much shortfall there will be. Based on the highest growth rate the shortfall will be small, but at the lowest estimate the shortfall would be very large.



How could compensation be calculated (if the policy was missold) under these circumstances?



Thanks: Mark



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