Current Norwich Union Endowment Yearly Growth Figure

pawpurrs

I will be buying again say within a year so say mortgage rate would be 5%, currently savings rate is 3% ish

pawpurrs

oh and we have a duel plan so its two endowments at roughly the figures quoted above, thanks.

pawpurrs

Anyone, I really appreciate it
Apologises for the bump.

EdInvestor

Maturity forecasts at 4% 25400
at 6% 32000
at 8% 40,400

If you cashed in this policy and used the lump sum to reduce the (notional) mortgage @5%, also increasing the monthly mortgage payment by the amount of the endowment premium to maturity, your total return would be £36,103, that's with no risk.If you put the money in a savings account at net 3%, also paying in the premiums, the return would be £28,983.

There is no premium in these forecasts to compensate you for taking investment risk.You would be better IMHO to dump these policies and either reinvest in a modern (tax free) stocks and shares ISA with no unnecessary extras like life cover, where your returns will not be eaten away,or use the money to increase your deposit when you get your new property.

pawpurrs

Thanks for your input Ed, any thoughts Dunstoch?