We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

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…

Options

Comments

dunstonh Posts: 119,700 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.

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

British Airways passenger? Book and travel using your old Covid vouchers NOW – or lose them
If you had a British Airways (BA) flight or holiday disrupted by the Covid-19 pandemic, check if you've got an old voucher as millions of pounds' worth are still unclaimed. You'll need to use it to travel before the end of September 2025 – or risk losing it. Below we explain how to search for unused vouchers and how to use them.

View All

Aviva Endowment surrender or keep

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free