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Endowment policy - cash it in or keep it?
dav964
Posts: 34 Forumite
I've been paying into a Standard Life endowment policy since 1985. The policy was part of an endowment mortgage, now paid off.
The current status of the policy is: -
Monthly payment £51
Matures June 2010
Payable on death £34,600
Minimum amount guaranteed £22,291
Current fund value £17,587
The current fund value is also the surrender value - I phoned them up yesterday.
Bearing in mind that there will be some demutualisation windfall (as long as I keep the policy until this June) which of the following would you recommend?
1. Stick with it until June 2010 (I don't know how big the terminal bonus will be)
2. Cash it in following demutualisation and reinvest in equity funds (I would probably split the money across Asia, e,merging markets and UK).
3. Any others?
Dave B.
The current status of the policy is: -
Monthly payment £51
Matures June 2010
Payable on death £34,600
Minimum amount guaranteed £22,291
Current fund value £17,587
The current fund value is also the surrender value - I phoned them up yesterday.
Bearing in mind that there will be some demutualisation windfall (as long as I keep the policy until this June) which of the following would you recommend?
1. Stick with it until June 2010 (I don't know how big the terminal bonus will be)
2. Cash it in following demutualisation and reinvest in equity funds (I would probably split the money across Asia, e,merging markets and UK).
3. Any others?
Dave B.
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