We'd like to remind Forumites to please avoid political debate on the Forum... Read More » 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!

Surrender endowment policies now ?

cgoode · 2007-03-25 20:58:52

I have two standard life policies to cover my mortgage - one maturing Oct 08 and the other Feb 2010. The balance on my mortgage is £25.5K which needs to be repaid in 2010. The surrender values of these policies today is £21k (a difference of £4.5K between surrender values and what I owe). The cost to keep these policies…

Options

Comments

dunstonh Posts: 119,702 Forumite

30 March 2007 at 12:54PM

As we know the final payouts at SL are still falling so the problem for the OP is that the TB amount he has now could go down.

Apart from those that went up and we have seen an awful lot of posters report theirs went up. There has been an increase of those hitting target as well.

If could be that it is still worth dumping them but if you dont have the info, you cant make an informed decision.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

British Airways passenger? Book and travel using your old Covid vouchers NOW – or lose them
If you had a British Airways (BA) flight or holiday disrupted by the Covid-19 pandemic, check if you've got an old voucher as millions of pounds' worth are still unclaimed. You'll need to use it to travel before the end of September 2025 – or risk losing it. Below we explain how to search for unused vouchers and how to use them.

View All

Surrender endowment policies now ?

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free