i need help on selling my endowment

broady12

i have a unitised with profit endowment that is 11 years old and is falling short, i have contacted a few companys to sell it but they wont touch that sort. does anyone have any advice as to what to do with it please help
thanks:eek:

dunstonh

Its unitised so there is no interest in them.

Unit linked plans have a daily value. If someone wanted that fund, they would just go out and buy the number of units they want. There is no reason to pay any more for them.

EdInvestor

Post some info about it

Provider
surrender value
monthly premium
maturity date
maturity forecasts
interest rate payable on mortgage

xtratime

Does that mean that the only advantage to holding onto a unit linked with profits endowment is the life assurance that is attached to it? Does it not have any hidden benefits like termainal bonuses or guaranteed payout like the old type low cist endowment policies?

EdInvestor

Unitised WP policies do get terminal bonuses (hopefully ).

broady12

yeah it sems pretty worth less and falling short ever more as the years go by
it is only for £39,000 and is falling short 11 years into it by an estimated 15k to 18k
thats on a £62 a month preminum, so the only benifit is, basically if i die the wife gets 39k.
the current surrender value is £100 less than i have paid in, but i have contacted a company and won componsation on being missold the endowment (£300).
but as i no longer have a mortgage, i am one of the lucky ones and dont need to rely on the emdowment. hope this has helped others and thanks to the people that provided me with snippets of advice
cheers broady:o