Is this endowment worth keeping ?

Somerset

Company : Legal & General Maturity Date : 07/11/14

It was taken out to repay a £ 60,000.00 mortgage 07/11/89. Monthly premium £ 73.10.

From Y/E 2004 Statement
Basic Sum Assured - £ 18,360.00
Total Existing Bonuses : £ 9,374.50
Total New 2004 Bonuses : £ 254.90
2004 annual bonus rates on : sum assured ( 0.75% ) on existing bonuses ( 1.25% )
Current terminal bonus rate : 47%

Current Surrender Value £ 20,228.10.

L& G have said it's in a 'with profits' fund but no more detail than that.

I've been asked here before whether the surrender value includes the terminal bonus - L & G can't give an answer so I don't know. I also don't know whether I can switch funds ( if appropriate ) without penalty.

Actually I don't really know a lot about, what is for me, a sizeable investment. I would appreciate comments from anyone.

EdInvestor

I think I've already answered this one before. No.

http://forums.moneysavingexpert.com/showthread.html?t=138647

Somerset

You did Ed - thank you.

Wondered if anyone else had any thoughts ?