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endowment

bellas_hoose
bellas_hoose Posts: 6 Forumite
in Mortgages & endowments
scottish provident policy ,started 1987 ,matures 2012 ,should i cash it in !

Comments

  • U've_been_framed
    U've_been_framed Posts: 274 Forumite
    Part of the Furniture Combo Breaker
    No.
    You will definitely be out of pocket if you do.
    You can try and sell it.
    If you cannot do that and you want to stop paying in, ask SP if they can class it as paid up and wait until 2012 to get your money, hopefully with some return.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Post some info about it.

    Guaranteed sum assured
    Declared bonuses
    Surrender value
    Monthly premium
    Maturity projections
    Interest rate on mortgage
    Trying to keep it simple...;)
  • bellas_hoose
    bellas_hoose Posts: 6 Forumite
    Guaranteed sum assured £24,800 monthly premuim £38.20 i have no morgage or debts 3 years left to go on the endowment
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you cash it in or sell it now you will lose any terminal bonus
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    anniehanlon wrote: »
    If you cash it in or sell it now you will lose any terminal bonus


    This is not so.Surrender value includes accumulated TB.
    Trying to keep it simple...;)
This discussion has been closed.
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