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selling a standard life endowment
de1amo
Posts: 3,401 Forumite
i am rapidly coming to the conclusion that i should sell this policy despite it only having 14 months left-see my other thread on this subject--i want to know now which or who will offer me best value -do i go through a ifa -cash it in to sl or go on the open market --who has experience of any of these courses?-
mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.
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Comments
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I dont know how you can come to that conclusion as there are no facts presented and we stil dont know what the mortgage promise value is.i am rapidly coming to the conclusion that i should sell this policy despite it only having 14 months left-see my other thread on this subject
If you sell the policy (or surrender) you will not get that mortgage promise value.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 -
on the other thread i have found out that there is no mep and the value is low 17973 and high 18615---and 14 months of payments at 40,60 to complete the policy--i am interested in knowing what the current sl endowments are getting as a final bonus --my optimism is waining--i have been advised to surrender it back to SL by an ifa if i go that routemfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.0
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the bonus rate it attracts is 3,9pc--crap--and also they are reviewing the rates on feb1st--and nothing seems to be going up!!mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.0
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