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Standard Life Endowment - Cut & Run or sit and wait?
bishum
Posts: 2 Newbie
My wife has an endowment with STD Life, set up around 12 yrs ago.
Payments are £47 /mth.
The mortgage value when set up was to cover £30,000.
We have seperate life cover for both of us since 2001.So not tied by life cover part of policy.
We have a joint mortgage which has around £35k lift to pay off.
Our concerns are if std life go bust we will have nothing & with the current market state the return which is already below the original proection will actually get worse.
We have not yet asked what the surrender value is.
Any ideas which way to go
Payments are £47 /mth.
The mortgage value when set up was to cover £30,000.
We have seperate life cover for both of us since 2001.So not tied by life cover part of policy.
We have a joint mortgage which has around £35k lift to pay off.
Our concerns are if std life go bust we will have nothing & with the current market state the return which is already below the original proection will actually get worse.
We have not yet asked what the surrender value is.
Any ideas which way to go
0
Comments
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Post some info on the policy
Guaranteed sum assured
Declared bonuses
Surrender value
Monthly premium
Maturity date
Maturity forecasts
Interest rate payable on mortgage.Trying to keep it simple...
0
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