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Surrender Endowment?
bb48
Posts: 1 Newbie
New to the forum, wondering if anyone has any thoughts on this:
Aviva endowment finishes August 2016.
Target amount £12850. Current surrender value £8112.
Received £880 for miss-selling.
Future payments to maturity £2300.
Projected values:
4% £10800, 6% £11400, 8% £12200.
MEP doesn't apply.
Thinking of surrendering policy now and paying £8112 towards mortgage although can't pay until Feb 13 due to ERC.
Thanks
Aviva endowment finishes August 2016.
Target amount £12850. Current surrender value £8112.
Received £880 for miss-selling.
Future payments to maturity £2300.
Projected values:
4% £10800, 6% £11400, 8% £12200.
MEP doesn't apply.
Thinking of surrendering policy now and paying £8112 towards mortgage although can't pay until Feb 13 due to ERC.
Thanks
0
Comments
-
Just to point out that you have life cover while this policy is up and running and there also could be a terminal bonus.
Ask what the terminal bonuses have been for the last few years but at the end of the day, it's got to be your choice.make the most of it, we are only here for the weekend.
and we will never, ever return.0
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