▁ins urance ▁fund . ▁ ▁Units ▁are ▁enc ashed ▁to ▁cover ▁the ▁cost ▁of ▁the ▁life ▁ass urance . ▁Policy hold ers ▁can ▁often ▁choose ▁which ▁funds ▁their ▁prem iums ▁are ▁inv ested ▁in ▁and ▁in ▁what ▁proportion . ▁Unit ▁prices ▁are ▁published ▁on ▁a ▁regular ▁basis ▁and ▁the ▁enc ash ment ▁value ▁of ▁the ▁policy ▁is ▁the ▁current ▁value ▁of ▁the ▁units . ▁ ▁Full ▁end ow ments ▁▁ ▁A ▁full ▁end ow ment ▁is ▁a ▁with - prof its ▁end ow ment ▁where ▁the ▁basic ▁sum ▁assured ▁is ▁equal ▁to ▁the ▁death ▁benefit ▁at ▁start ▁of ▁policy ▁and , ▁assuming ▁growth , ▁the ▁final ▁p ayout ▁would ▁be ▁much ▁higher ▁than ▁the ▁sum ▁assured . ▁ ▁Low ▁cost ▁end ow ment ▁( L CE ) ▁▁ ▁A ▁low ▁cost ▁end ow ment ▁is ▁a ▁med ley ▁of : ▁an ▁end ow ment ▁where ▁an ▁estimated ▁future ▁growth ▁rate ▁will ▁meet ▁a ▁target ▁amount ▁and ▁a ▁decre asing ▁life ▁ins urance ▁element ▁to ▁ensure ▁that ▁the ▁target ▁amount ▁will ▁be ▁paid ▁out ▁as ▁a ▁minimum ▁if ▁death ▁occurs ▁( or ▁a ▁critical ▁ill ness ▁is ▁diagn osed ▁if ▁included ). ▁ ▁The ▁main ▁thing ▁of ▁a ▁low ▁cost ▁end ow ment ▁has ▁been ▁for ▁end ow ment ▁mort g ages ▁to ▁pay ▁off ▁interest ▁only ▁mort g age ▁at ▁m atur ity ▁or ▁earlier ▁death ▁in ▁favour ▁of ▁full ▁end ow ment ▁with ▁the ▁required ▁prem ium ▁would ▁be ▁much ▁higher . ▁ ▁Tr aded ▁end ow ments ▁▁ ▁Tr aded ▁End