Standard Life Endowment Matured

hawkebaby

My endowment with Standard Life has paid out today !!!!
Lowcost plan,
£63 p/mth over 25yrs,
Sum Assured £52,000 (but Red Alert for many years),
Actual payout a touch under £39,000.
I am not sure of the breakdown yet due to no paperwork but it was eligible for the MYSTERY Mortgage Endowment Promise. The last time I checked the value just before the account was locked down I think that it was around the £33,500 mark as a surrender value. So the Promise appears to have been towards £5,500 in my case.
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I kept the shares issued when SL demutualised for having a qualifying endowment and let them roll, dividends payed by scrips (additional shares). The total value of my holding as of today is £9,000.

So in reality I have ended up with a shortfall of just over £4,000 in total, but had life cover for the last 25yrs and had the benefit of ridiculously low interest rates for many years which have saved me well in excess of the shortfall amount in interest payments, and enabled me to overpay and clear my initial mortgage several years ago.

Am I Happy ?
Due to no longer being assigned to a mortgage the monies have been credited to my bank account, there have been no letters, calls, or emails regarding this, it just silently appeared (I did know it was coming close to maturity date ).
Though this is good news in some respects, it is marred by the fact that I was made redundant on Friday, and now having "savings" is not ideal for any length of unemployment (£6k limit) and itself now brings along a new set of problems.