In addition, it has confirmed its unequivocal guarantee that none of its mortgage endowment policyholders will suffer a shortfall, whatever happens to future investment returns.
Liverpool Victoria’s unconditional mortgage endowment guarantee:
- Liverpool Victoria guarantees unequivocally that the maturity value of members' mortgage endowment policies will be at least equal to the policy death benefit, i.e. the mortgage amount covered.
- Liverpool Victoria has already made a financial provision to cover this guarantee so it will not have any adverse impact on future financial performance.
- Liverpool Victoria has just over 6,000 mortgage endowment policyholders.
Malcolm Berryman, Liverpool Victoria's Group Chief Executive, said: "The strong performance of our with profits fund has ensured a surplus for all of our mortgage endowment policies that have matured or are currently maturing. In addition, our unconditional guarantee gives total peace of mind to our members for the future."
