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Help!!!!
whoopi_2
Posts: 2 Newbie
Hi all,
I purhcased an endowement in 1994 to meet a mortgage for £41500.00. I was aware that there could be a shortfall so i opted for higher monthly premiums. In the last 3 years i have received 2 amber letters stating that my policy is significantly at risk a may be a shortfall at maturity which is in 2019.
My policy is with MGM advantage and my policy is currently worth £12371.87. At this moment in time i wont even get back the premiums i have paid in. What im trying to decide is should i privately sell my endowement which has life insurance attached.
Look forward to hearing your comments
I purhcased an endowement in 1994 to meet a mortgage for £41500.00. I was aware that there could be a shortfall so i opted for higher monthly premiums. In the last 3 years i have received 2 amber letters stating that my policy is significantly at risk a may be a shortfall at maturity which is in 2019.
My policy is with MGM advantage and my policy is currently worth £12371.87. At this moment in time i wont even get back the premiums i have paid in. What im trying to decide is should i privately sell my endowement which has life insurance attached.
Look forward to hearing your comments
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