We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
Unit Linked Mortgage Endowment - Woolwich Life
amayeta
Posts: 93 Forumite
I found out that my Endowment Mortgage would not repay my mortgage.
I wrote to Barclays Bank and said I had to do something about this now before it was too late.
I had to pay a fee and I change my Endowment into a repayment.
Does any one know if I can make a claim for the sum paid into the policy.
The following might be useful to know:
Commenced: Year 1992
Premium Payable: £83.53
Invested Portion: £81.86
Fund Description: MANAGED
Thanks
I wrote to Barclays Bank and said I had to do something about this now before it was too late.
I had to pay a fee and I change my Endowment into a repayment.
Does any one know if I can make a claim for the sum paid into the policy.
The following might be useful to know:
Commenced: Year 1992
Premium Payable: £83.53
Invested Portion: £81.86
Fund Description: MANAGED
Thanks
0
Comments
-
Does any one know if I can make a claim for the sum paid into the policy.
No. Claims are only paid out on death or critical illness.
Also, the surrender value almost certainly paid you more than you paid into it. So, why do you think you should get all the premiums paid as well?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards