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Aviva Endowment surrender or keep

gunnag · 2010-02-19 16:00:47

Ive got a with profits endowment with Aviva (originally CGNU Homemaker), the policy has been running for 16 years with 9 years left to run. I pay £84 per month, the basic sum assured is £18053, current surrender value £19320, accrued bonus £6857. The endowment was supposed to cover a mortgage of £62250 but is now projected…

Comments

dunstonh Posts: 120,029 Forumite

17 January 2011 at 6:37PM

Obviously if we cash in or sell we lose the £4150. Do you think it is worth keeping?

Final bonus is likely to increase in Spring unless another economic downturn occurs (just a guess). Also, could any alternative you did with the money guarantee to recover the £4150 lost?

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.

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