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Should I convert my endowment to a whole life assurance?

My endowment policy, held against my mortgage, is due to mature at the end of this month. I have an option to convert it to a whole life policy. Is this option worth while?

Comments

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You have given no details ?
    Will the endowment payout be enough to clear the mortgage owed ?
    Why would you have life assurance if you have no mortgage unless you need life assurance to pay out if you have wife/husband/kids that depend on you for roof over head.
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