would i get more by selling endowment policy?

deebee

I have a Scottish Life Low Cost Mortgage Plan, which matures in November this year;

current surrender value is £20,842, projected payment on maturing is £21,200, monthly payment £26.12

question is, am I likely to get a higher amount if I sell this, or is it too late to sell, given it matures this year???

EdInvestor

Too late I'd say even if it was a decent endowment, but you can always ask:

www.apmm.org

darich

if it matures you'll get a terminal bonus i'd imagine.
I'd be inclined to wait and let it mature of its own accord.
Given that you'll pay 4, possibly 5 more payments that total £104.4 (or 130.60 if it's 5 payments) and the policy will gain £358 on current figures, it seems like a no brainer to me.
If yo try to sell it then a company will offer you less than the policy is worth - that's how they make their money - they make the payments and then it matures and they make a profit.