We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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 and General Endowment
Options
jennygg
Posts: 2 Newbie
We have a 21 year old endowment with Legal and General, (build up mortgage plan) we received approx £500 in compensation for the misselling. Last year we could have surrendered the endowment for £19,000, and having paid another £600 in the last year, the surrender value is now £16,714. It is due to mature in 2 years time and had a target amount of £27,000. We have approached APMM to see if we could sell it for better, but have not received any replies. Are there any other options you can suggest?
0
Comments
-
It would appear that surrender is the only option (making the endowment paid up is not recommended).Is it With profits or unit linked?Trying to keep it simple...
0 -
It is 'with profits'0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards