Every two years, insurance companies must write to holders of endowment policies. These letters show whether or not the endowment is on track to repay the mortgage.
Batches of 10 million new letters will be going out in April and it is vital that policyholders read and understand the letters. If you are unsure, get advice.
Letters are colour coded like traffic lights - red, amber and green. If you receive a green letter, your endowment will be on track to repay the mortgage, as long as the policy grows by 6% a year.
An amber letter means that there is likely to be a shortfall and a red letter means that there almost certainly will be a shortfall.
If you receive amber or red letters, don't do anything drastic. We retain a number of leaflets that can help you.
If you are still unsure which way is best, ask us for advice.