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!
To sell or not to sell endowments?
Beemer
Posts: 8 Forumite
Hi,
I have three endowment policies that I have had for a number of years. One of them has stated that it will not reach its intented value (although I don't think I have a claim).
I am about to reach the end of my current mortgage fixed term and one recommendation was to sell all three endowments and move to a repayment mortgage.
I know nothing about selling endowments but believe the one that may not reach its full value at majurity will cost me to sell it.
I feel that there are some pitfalls here and uncertain as to whether I should sell these policies.
Appreciate its a big subject but any advise on what too look out for or consider or even questions to ask would be very much appreciated.
Thanks
Richard
I have three endowment policies that I have had for a number of years. One of them has stated that it will not reach its intented value (although I don't think I have a claim).
I am about to reach the end of my current mortgage fixed term and one recommendation was to sell all three endowments and move to a repayment mortgage.
I know nothing about selling endowments but believe the one that may not reach its full value at majurity will cost me to sell it.
I feel that there are some pitfalls here and uncertain as to whether I should sell these policies.
Appreciate its a big subject but any advise on what too look out for or consider or even questions to ask would be very much appreciated.
Thanks
Richard
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards