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endowment policy/mortgage

I took out an endowment policy in 1982 with my mortgage, the outcome is now in shortfall. I do not understand finance but need advice on how to go about sorting this out, before time is up in 2007, any advice would be greatly appreciated, I really don't understand, and don't know what to do.

Kate Coyne

Comments

  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Hello Kate

    Post a few figures so we can see what to do.

    Mortgage amount
    Endowment company
    Guaranteed sum assured
    Declared bonuses
    Surrender value ( ring up and ask)
    Monthly premium (endowment)
    Maturity date

    Projected maturity values of endowment
    Trying to keep it simple...;)
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