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Endowment Cash In Values
geezer46
Posts: 19 Forumite
I have a few endowment policies with both Clerical Medical and Wintherthur.
The Winterthur ones were taken out some 14 years or so ago with a view to paying off a mortgage but that is now not the case and I keep both vehicles purely for savings. Clerical Medical is some 18 or 19 years old.
The Clerical Medical policy is with profits whilst the Winterthur ones are unit linked.
For the last 2 or 3 years on an annual basis I have 'enquired' of the respective Companies the cash in value of the policies and the values do seem to be increasing at a tidy rate. The Winterthur polices some years ago issued a red warning that it would not meet the minimum amount needed to pay the mortgage but this was recently upgraded to orange?
Is this a safe valuation strategy or should I be seeking an expert opinion? as I mentioned these are purely for savings only and are not tied to paying off any sort of loan.
Thanks to all and every opinion.....
The Winterthur ones were taken out some 14 years or so ago with a view to paying off a mortgage but that is now not the case and I keep both vehicles purely for savings. Clerical Medical is some 18 or 19 years old.
The Clerical Medical policy is with profits whilst the Winterthur ones are unit linked.
For the last 2 or 3 years on an annual basis I have 'enquired' of the respective Companies the cash in value of the policies and the values do seem to be increasing at a tidy rate. The Winterthur polices some years ago issued a red warning that it would not meet the minimum amount needed to pay the mortgage but this was recently upgraded to orange?
Is this a safe valuation strategy or should I be seeking an expert opinion? as I mentioned these are purely for savings only and are not tied to paying off any sort of loan.
Thanks to all and every opinion.....
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