sell or surrender my endownment policy

Ive_got_a_lovely_bunch_of

I have a standard life emdownment policy which has been running for just over 22 years .

I could do with the money to help fund my new house purchase so i have got a figure from the company to cash in but i remember at one point there were alot of companies offering to buy your polcy and give you alot more than the surrender value

When i called standard life they said they are currently paying a 15% final bonus and i also have a mortgage endownment promise wwill also pay out between £3360 and £5040.

policy matures in jan 2016

many thanks in advance

Meadows

All comes down to what is the best return (cash in or hang on a few years) and how desperate you are for the money. Although insurance returns are low these days they often payout better than you anticipate with the low returns.
Is it worth cashing in for a few £1,000 against what you have paid to date!

dunstonh

If you surrender it then you lose the MEP. If you manage to find a company that is still buying endowments then they usually dont take into account the MEP and the person buying it gets it.