Endowment Policy Advice
Wobblybm
Posts: 4 Newbie
I have a With Profits Endowment Policy with Standard Life, which has 2 years left to run of its 25 year period. The policy was supposed to cover the cost of the mortgage at the time (£33000) and has cost me approx £45 a month for the last 23 years. The policy is no longer linked to my current mortgage but bearing in mind how dismally its doing, is it best to cash it in now or keep with it for the final 2 years? Any advice welcome.
Wobblybm
Wobblybm
0
Comments
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Any advice welcome.
There is no advice given on the forums on regulated products. Only discussion.is it best to cash it in now or keep with it for the final 2 years?
How much have you left to pay?
How much is the mortgage promise value? (often given as a value range)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Post some more info
Guaranteed sum assured
Declared bponuses
Surrender value
Monthly premium
Maturity date
Maturity forecasts
Interest rate payable on mortgageTrying to keep it simple...0
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