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Liverpool Vic guarantees endowment top-ups


Liverpool Victoria Friendly Society has guaranteed its endowment policyholders it will cover any top-up payments should policies not fully cover mortgage repayments.


Around 7,500 people could benefit from the promise should they face mortgage shortfalls if policies have not grown fast enough to cover their loans.


Liverpool Victoria group chief executive Malcolm Berryman says: “We want to reassure our members and pass on the benefits which our mutual status allows. Last year was excellent for investment returns and coupled with our financial strength, we have been able to take this unusual step of offering a guarantee of no shortfall.”

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