Edowment Advice

g6rah

Hi,

I wonder if anyone can provide advice on an Eagle Star (Zurich) with profit endowment I took out a number of years ago. It was originally linked to a mortgage but after hopelessly underperforming and after advice from a financial advisor 6 years ago I have kept it on to be used as a University fund for my daughter on maturity.

Here are a few details:

Started Oct 1990 – Maturity Oct 2015


£140 month premium

Surrender value has increased from £23,519 (Jan’07) to £25,386 (Sept’07)

Basic Sum Assured £25,029


Guaranteed min death benefit £58,000

Total reversionary bonus £6,467

BTW - I have not been able to sell it on or get miss-selling compensation.


Would I be better off cashing in and putting into a savings account? Any advice gratefully appreciated.

Thanks

g6rah

bump can anyone advise - thanks

EdInvestor

Please provide the maturity projections @ 4%,6%, whatever.

If you still have a mortgage what interest rate are you paying?

g6rah

Hi

The endowment is not now linked into a mortgage.

Maturity illustrations are as follows:

3% = £39,100
3.75% = £41,200
5% = £44,600

Thanks