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Endownment reaches it's target
SourKraut
Posts: 6 Forumite
I have been informed by Guardian that one of my policies has reached its target amount. Its only a small amount (£3200) and they have stated that this will be placed in a Deposit Fund.
Now the policy could run till 1 August 2011 if I don't cash it in, but of course the amount isn't guaranteed, and may be less than the current value.
To be honest, I'm uncertain what to do, as the policy was with profits, but with the current state of things I wondered if to cash it in and stick it into an ISA till the mortgage ends next year.
Any advice would be most welcomed.
Now the policy could run till 1 August 2011 if I don't cash it in, but of course the amount isn't guaranteed, and may be less than the current value.
To be honest, I'm uncertain what to do, as the policy was with profits, but with the current state of things I wondered if to cash it in and stick it into an ISA till the mortgage ends next year.
Any advice would be most welcomed.
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