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Endowment- carry on another 8 years or cash in

Could someone please help
I have been paying an endowment mortgage with Standard Life for about 12 years out of a 20 year term.
(I have claimed & received £5.000)
I am not sure if I should carry on paying every month or cash this in now. I would get £14.668
It is £118 a month for another 8 years.
Last years estimates are 4% £26.100 - 6% £29.200 - 8% £33.800.
I believe it is one that cannot be sold on.
What do you think?

Comments

  • dunstonh
    dunstonh Posts: 119,888 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    how and where is it invested (what funds)?
    if with profits, what is the basic sum assured, current bonuses and terminal bonus currently on the plan?
    what is the mortgage promise value (will be estimate)?
    What are this years projections (SL plans jumped up mostly this year).
    What is the cost of replacement life cover (and CI if included)?
    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.
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