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should I surrender L&G endowment 2 years early ?
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christopher_h
Posts: 255 Forumite
Hi everyone,
Thank you for reading my post.
I took out a 25 year Endowment Policy for a 72k mortgage with L&G in 1990 which matures in 2015. I sold the porperty in 1994 anyway but decided to keep the endowment policy going.
In May 2012 sent me a projected shortfall statement which seems to suggest the final bonuses at y/e 2011 would be £6800.
Would I lose ALL the final bonus if I surrendered now ?
Does anyone know how exactly 'final bonuses' work ?
Thanks in anticipation.
Chris
Thank you for reading my post.
I took out a 25 year Endowment Policy for a 72k mortgage with L&G in 1990 which matures in 2015. I sold the porperty in 1994 anyway but decided to keep the endowment policy going.
In May 2012 sent me a projected shortfall statement which seems to suggest the final bonuses at y/e 2011 would be £6800.
Would I lose ALL the final bonus if I surrendered now ?
Does anyone know how exactly 'final bonuses' work ?
Thanks in anticipation.
Chris
you know when you're getting older - the wife says, "let's go upstairs and make love" and you reply, "I can't do both" !!
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