Endowment Top-Up

Horse_Lover

Dear Martin
I have an endowment policy which matures in January 2017, it has a shortfall
and I want to ensure I avoid this. I currently pay £82.50 a month but can afford to spend £200. What is the best way for me to invest this money to give me a good return.
Thank you
Horse Lover

m_c_s

You might want to investigate surrendering or selling(could get a higher value) your endowment, pay off part of your mortgage with the proceeds. Then convert your mortgage to a repayment type. This will guarantee paying off your mortgage and could still fit within your budget.
Even throwing more money at your endowment does not guarantee you will payoff your mortgage!
Do a search on this board and you will find lot of help on how to do the above. You need to consider other aspects also, like the loss of life insurance if you were to sell or surrender your endowment.