phoenix ex rsa endowments

jacko43

I have 3 policies that were with rsa I believe they are now managed by pearl.
Now that Phoenix resolution have milked them I'm on the verge of calling it a day and cashing them in view of opinions given to others here.

Could anyone give me their opinion on my situation before I decide?

start date 25/9/87
gsa £4455
b dec £3379.11
sur val £8015
pay £24
f/cast 4% £9310
end date 25/9/11

start date 21/6/90
gsa £5883
b dec £2691.17
sur val £7931
pay £30
f/cast at 4% £9810
end date 21/6/12

start date 17/2/97
gsa £9030
b dec £982.85
sur val £7751
pay £58.60
f/cast £10500
end date 17/2/12

I spoke to them on Friday and the agent stated they were currently paying 23% terminal bonus but this could change by the time my policies mature.
I made my mortgage repayment sometime ago currently paying 2.25% tracker and I have a outstanding balance of £28900.
I'm thinking of investing most and clearing a loan that I am paying with an interest rate of 6.9%.
Thanks Jacko

EdInvestor

I would get rid of these before the TB disappears completely and proceed as you propose.

jacko43

Thanks for taking the time to reply is it worth trying sell these to a endowment policy trader or just take whats on offer as surrender value and run
thanks
jacko

EdInvestor

You can try selling them here: https://www.apmm.org