endowment - should I continue paying or cash in now?

hannaht

hillcats wrote: »

Have you considered if you was mis-sold this policy?
Were you given the full facts about the policy?
Were you told that the endowment would pay your mortgage easily AND provide you with a lump sum at the end?

You may have a case to consider if you surrendered the policy before maturity or possibly at maturity, I don't know.
I honestly don't know if you can start this claim with the policy still active, I'm sure someone will know the answer though?


We surrendered our two policies when we changed over from interest only to repayment (on our first house) many years ago, and we were paid out for these. It was only recently within the last 3 years that we complained that we were mis-sold our policies as we were told all the lies etc luckily I still had paperwork, as I tend to keep most things that I think may be useful in later years, and we were compensated by the company.

Some food for thought....

Hi we did try to claim a few years ago (or rather someone else did on our behalf) and it was turned down because of our alleged attitude to risk when we took out the endowment. Thanks for the suggestion though, good of you to reply.