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Endowment query
mardav
Posts: 1 Newbie
Since 1987 I have been paying £66.76 per month for a Low Cost Endowment Plan with Scottish Widows which was set up to repay a target amount of £46500 in 08/2012. There is a guaranteed cash benefit of £15671 and an existing bonus of £10045. Total benefit in 2008 was shown as £26253 and sum payable on death will be not less than £46500. I no longer have a mortgage.
What should I do ? i) Stop the monthly payments and wait until maturity date in 2012,
ii) Keep up the payments until maturity date and receive the final bonus iii) Sell it and invest the money elsewhere?
What should I do ? i) Stop the monthly payments and wait until maturity date in 2012,
ii) Keep up the payments until maturity date and receive the final bonus iii) Sell it and invest the money elsewhere?
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Comments
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Trying to keep it simple...
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