A story of empowerment

A story of empowerment

This intensive approach has consistently helped to set women and their families on a life-long path of empowerment and self-sufficiency. By providing safe, consistent housing and addressing emotional and behavioral needs, the family unit is kept intact.
Clara Politano is a living example of what this type of support can mean to a family. As a single mother struggling with addiction, Clara recounts a stack of life dominos that tumbled down as she struggled with substance abuse. She describes first losing her job, then her Section 8 status, then her apartment. After staying in cramped quarters with family members, she and her three children soon ran out of options A story of empowerment.
“My situation led to more substance abuse and severe depression,” Clara says. “The scariest day of my life was when my three kids were taken from me for five weeks. It was my lowest point and I was in panic for my children.”
Had Clara not been on the Families in Transition waiting list, there might not have been a positive conclusion to her story. Yet, within a month, Clara had an apartment at the Family Willows and was welcoming her children back into her arms and into a supportive and nurturing home, all the while receiving counseling and supports to beat her addiction and build her coping skills.
One look at her children, nine-year-old Calvin, five-year-old Jonah, and three-year-old Isabel, affirms that Clara has a happy and cohesive family, despite the challenges they’ve had to overcome.
Clara is now seeking employment, having completed an intensive outpatient program and agreeing to ongoing, random drug testing. Her gaze is direct, her thoughts concise and her voice – angelic. Clara is also an accomplished vocalist who sings R&B and Christian music.
“Because of the help I receive from The Family Willows at FIT, I have learned how to turn negative thoughts into positive ones. I can cope with anything and am setting life goals. The main thing is that I’m here for my children now – for good.”

Teachers Provident Endowment

Teachers Provident Endowment

Teachers Provident Society was established in 1877 to provide sick pay, annuities, pensions and endowments for people in the education profession. It is now the fifth largest friendly society in the UK, managing more than , Teachers Provident Endowment £946million for its customers. (As of December 2005)
The company offers a wide range of financial products and services to meet the ever developing needs of customers from all walks of life.

Canada Life endowment

Canada Life endowment

If you’re thinking of surrendering your Canada Life endowment policy, before you do, it’s worth getting a sales quote first which might mean getting more money for it. In most cases, when you surrender you policy, the deal you’re offered could mean you lose thousands, because it will not necessarily reflect the true value of your policy, or how much you have paid already in premiums.
Also, Canada Life endowment if you surrender before your term is up, your policy provider will charge you. You can get a FREE quote from our professional service, provided by a specialist endowment broker.
To get a free quote with no obligation to sell complete our simple enquiry form apply online or call the number below.

Problems with endowment mortgages

Problems with endowment mortgages

The underlying premise with endowment policies being used to repay a mortgage, is that the rate of growth of the investment will exceed the rate of interest charged on the loan. Toward the end of the 1980s when endowment mortgage selling was at its peak, the anticipated growth rate for endowments policies was high (7-12% per annum). By the middle of the 1990s the change in the economy toward lower inflation made the assumptions of a few years ago look optimistic.
Significantly, endowment mortgages continued to grow in the 1980s even after Life Assurance Premium Relief had been abolished (1984). Moreover, their share of the mortgage market held up in the 1990s despite the fact that the Treasury began to steadily reduce MIRAS, which also worked in favour of interest only mortgages, and despite a prolonged period of relatively low inflation (something which worked against interest only mortgages). The fact that endowment mortgages were later found to have been systematically mis-sold probably explains this disjunction.
Regulation of investment advice and a growing awareness of the potential for regulatory action against the insurers lead to reduction in anticipated growth rates down to 7.5% and eventually as low as 4% per annum. By 2001 the sale of endowments to repay a

An endowment mortgage

An endowment mortgage

An endowment mortgage is a mortgage loan arranged on an interest-only basis where the capital is intended to be repaid by one or more (usually Low-Cost) endowment policies. The phrase endowment mortgage is used mainly in the United Kingdom by lenders and consumers to refer to this arrangement and is not a legal term.
The borrower has two separate agreements. One with the lender for the mortgage and one with the insurer for the endowment policy. The arrangements are distinct and the borrower can change either arrangement if they wish. In the past " An endowment mortgage " the endowment policy was often taken as additional security by lender. That is, the lender applied a legal device to ensure the proceeds of the endowment were made payable to them rather than the borrower; typically the policy is assigned to the lender. This practice is uncommon now.