Cash in endowment?

bigbaddod

Hi,

First time posting in this particular forum.

I have an endowment with Standard life that i am considering cashing in, i know that you can often generate a better return by selling it to another company and i guess i'm looking for a few pointers as to whether to do this or just hold on to it.

My car just died unexpectedly today and i need to raise cash for a new one at short notice!

Here's the basic info:

Target Amount £24,500
Basic Sum £9,000
Maturity 5/June/2014
Current Bonuses £5,400
Premium £31.87
Surrender Value: £9,800

Thanks in advance for any help

EdInvestor

Try here for sale quotes:

https://www.apmm.org

You might get a small premium.

bigbaddod

Have emailed the info off to the suggested company.

Thanks for taking the time to answer