Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Cashing in endownment policies
Vital_Guy
Posts: 6 Forumite
I was wondering if any had any information or experience in cashing in or selling their endownment policies.
Are there any companies that offer a fair value and also wondered if the current finacial climate would affect the value of any given policy.
I have two fairly low value policies worth around £5 and £10k around 10 and 15 years into term. I would rather cash these in and invest in something with a better return is this wise and what are the pitfalls?
Are there any companies that offer a fair value and also wondered if the current finacial climate would affect the value of any given policy.
I have two fairly low value policies worth around £5 and £10k around 10 and 15 years into term. I would rather cash these in and invest in something with a better return is this wise and what are the pitfalls?
0
Comments
-
-
I have just had a bad experience on selling my endowment via Surrender Link and have ended up worse off than if I'd taken the surrender value originally offered by the Policy provider. So you need to do your homework and I personally wouldn't consider it unless there's a significant additional income to be made from brokering it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards