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Should I stop paying into endowment and let it 'tick over'
maille3
Posts: 1 Newbie
Hello there
I am a new user so testing the water here! We have two old endowment policies but no longer need them to pay off our mortgage but have kept paying into them in order to create a nest egg for our children. We pay 44 pounds into each of the two policies and given the current climate would people now advise that we:
a) stop paying into the accounts
b) leave the policies to tick over until they mature in 2018
c) cash in the policies (with 9 years left to go)
d) keep paying into both accounts and let us ride the storm
Our polices are with the old Allied Dunbar and we have made successful claims regarding mis-selling (7 000 pounds back so well worth pursuing if you haven't already)
Any suggestions greatly appreciated
Thank you
Jenny
I am a new user so testing the water here! We have two old endowment policies but no longer need them to pay off our mortgage but have kept paying into them in order to create a nest egg for our children. We pay 44 pounds into each of the two policies and given the current climate would people now advise that we:
a) stop paying into the accounts
b) leave the policies to tick over until they mature in 2018
c) cash in the policies (with 9 years left to go)
d) keep paying into both accounts and let us ride the storm
Our polices are with the old Allied Dunbar and we have made successful claims regarding mis-selling (7 000 pounds back so well worth pursuing if you haven't already)
Any suggestions greatly appreciated
Thank you
Jenny
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