Making Money on Endowments
The Telegraph has a good article explaining how it is possible, if you are well briefed and prepared to take the risk, to make money on endowments by investing in Teps (Traded Endowment Policies).
There is also a novel bonus, if you get the right policy, of earning a nice little lump sum if the original owner of the policy dies.
"Life insurance is sold as part of an endowment policy; when a Tep is sold on, that insurance still covers the person who initially held the policy. But any payment made as a result of that individual's death will be paid into the Tep, says Modray.
It is not necessarily a palatable way of making returns, but a "deed of assignment" when the policy is sold will ensure that the money is added to the fund if the original policyholder dies."
The lesson here is that there is always a way to make money; if you are brave, lucky and well advised.