endowment (critical illness)

mooted

approx 2yrs ago switched my mortgage to straight repayment, but kept my endowment running. my health state is not good and policy is covered with critical illness.
now my mortgage is straight repayment if policy pays out would i recieve whole money or would part be taken to cover mortgage.
cheers m.

kingstreet

The proceeds of an endowment policy are paid to the policyholder unless the policy has been assigned as security for the loan. Do you have the original policy document?

If you do, that's a good sign it isn't assigned.

If it was assigned previously, you may have the policy document back with a notice of reassignment included with it.