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Endowment but no house- claim/sell? Help please
janknit
Posts: 18 Forumite
I have an endowment but never used it to buy a house as originally planned.
Would I still be able to put in a claim? It is probably too late as I just assumed that as it is not connected to a house I couldn't claim.
I also need to know if it is worth keeping or should I cash in or sell.
It is with Lincoln financial group. I can't see that there are any bonuses.
Taken out Dec 1988 ends Dec 2013.
Sum assured £30,000
Monthly payment £43.52
Surrender value £10,462.00
Maturity projection.
4% £15,100
6% £17,600
8% £20,500
Would I still be able to put in a claim? It is probably too late as I just assumed that as it is not connected to a house I couldn't claim.
I also need to know if it is worth keeping or should I cash in or sell.
It is with Lincoln financial group. I can't see that there are any bonuses.
Taken out Dec 1988 ends Dec 2013.
Sum assured £30,000
Monthly payment £43.52
Surrender value £10,462.00
Maturity projection.
4% £15,100
6% £17,600
8% £20,500
0
Comments
-
pre-sold endowments are virtually always held up as a valid complaint. What usually happens is the premiums are refunded and interest added.
Put your complaint in now as this is a genuine mis-sale.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
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