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Switch Endowment to Repayment and make overpayments?
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If you have no guaranteed sum assured or declared bonuses, this probably means the policy is a unitised WP one. It may be more difficult ( or indeed impossible) to sell this type of WP endowment these days.Trying to keep it simple...
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EdInvestor wrote:If you have no guaranteed sum assured or declared bonuses, this probably means the policy is a unitised WP one. It may be more difficult ( or indeed impossible) to sell this type of WP endowment these days.
Right, thanks, so just surrender back to SL I guess.
Combined with the profit I've made on the discounted SL shares that'll give me an extra £20k to pay off the mortgage and then use what was the £248 endowment premium to add to the monthly mortgage payment instead.Every generation blames the one before...
Mike + The Mechanics - The Living Years0
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