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Endowment misery
gillykins
Posts: 58 Forumite
Any help appreciated please!
Standard life homeplan with profits now worth £2000 less than 2 yrs ago.
Paying £70 a month. The plan is 12 yrs old and matures in 2016. Current shortfall is £5600 but not relying on it to pay off mortgage. Cost of life/critical illness is £35.98 (not sure per month or year).
Plan currently worth £8000.
Is it worth keeping or can £70 a month be better saved elsewhere?
Thanks in advance
Standard life homeplan with profits now worth £2000 less than 2 yrs ago.
Paying £70 a month. The plan is 12 yrs old and matures in 2016. Current shortfall is £5600 but not relying on it to pay off mortgage. Cost of life/critical illness is £35.98 (not sure per month or year).
Plan currently worth £8000.
Is it worth keeping or can £70 a month be better saved elsewhere?
Thanks in advance
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