We’d like to remind Forumites to please avoid political debate on the Forum.

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.

📨 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!

Endowment help needed

chelloQ
chelloQ Posts: 7 Forumite
in Mortgages & endowments
If anyone can help me I would appreciate your valued input/advice. I am considering selling my two endowment policies as both are showing a shortfall and opting for a repayment mortgage. The policy details are as follows:

Loan Amount: £40k

Policy 1
Company: Standard Life
Start/Finish: 8/5/1987 – 8/5/2012
Type: With Profits
Annual bonuses to date: £7,507.66
Monthly premium payment: £35.20
Basic sun assured: £9,263
Guaranteed death benefit: £28,500
Surrender value: £14.613

Policy 2
Company: Countrywide Assured
Start/Finish: 26/6/1997 – 26/6/2012
Type: Unit Linked
Annual bonuses to date: N/A
Monthly premium payment: £46.65
Basic sun assured: £11,500
Guaranteed death benefit: £11,500
Surrender value: £5.683
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture