For an endowment policy taken out in 2017, what is the minimum required term for it to be qualifying?

For an endowment policy to qualify under the tax rules set by the HM Revenue and Customs (HMRC), it must have a minimum term of at least 10 years. When an endowment policy is taken out in 2017, the policy must reach its maturity or defined qualifying period by a specified point in the future to ensure it meets the qualification criteria.

Since the policy was initiated in 2017, adding the required minimum term of 10 years points to 2027, which confirms that the policy would need to remain active until the end of that year. This ensures that the policyholders benefit from any potential tax reliefs available for qualifying policies.

Therefore, the correct answer is indeed the year 2027, as it marks the completion of the minimum required term for the endowment policy to qualify under the relevant rules.