We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Legal & General Endowment

alrg500
alrg500 Posts: 11 Forumite
in Mortgages & endowments
Hi there, I am after some advice on a L&G flexible mortgage plan endowment I have.

Details are.
Started July 1995
Finished July 2020
Monthly premium £54.87
Death Sum Assured £34956.00
Current Redemption value is £7771.69
Apparently it is not a with profits policy so there are no bonuses.

Is it worth keeping paying in or just redeeming?

Can I sell this to a broker or are they only interesed in with profits policys?

I have already claimed against it being missold a few years ago and was paid out the difference between a repayment and the vale then of the policy.

Thanks

Comments

  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    You can't sell it.

    Please post the maturity projections.What interest rate are you paying on your mortgage?
    Trying to keep it simple...;)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture