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Old Endowment Worth Anything?
sueshells
Posts: 71 Forumite
Hi All,
I took out a mortgage in 1982 on a property I then continued to own until early 1986. I would have paid endowment premiums for this period. I then sold the property, paid off the mortgage with the proceeds and leased business premises. I didn't pay any premiums after the mortgage was paid off. Will there be any value in the policy if I could trace it? I assume it would have been due to mature in 2007 (25 year term) but have no idea if the limited premiums I've paid would simply have been held or if interest will have been accrued on them for this period.
Please can anyone give me any information on the situation?
Many thanks,
Sue
I took out a mortgage in 1982 on a property I then continued to own until early 1986. I would have paid endowment premiums for this period. I then sold the property, paid off the mortgage with the proceeds and leased business premises. I didn't pay any premiums after the mortgage was paid off. Will there be any value in the policy if I could trace it? I assume it would have been due to mature in 2007 (25 year term) but have no idea if the limited premiums I've paid would simply have been held or if interest will have been accrued on them for this period.
Please can anyone give me any information on the situation?
Many thanks,
Sue
0
Comments
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When an endowment is made paid up it continues to fund life cover until there is no value. It is extremely unlikely to have any value but if you could remember the company you could ask them to trace it if they still have recordsI like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)0
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