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Standard Life Endowment
Comments
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the.weekender wrote: »Maturity forecasts 3.75%= 22,600, 5.50% = 23,800, 7.25%= 25,100
Mortgage Promise 22, 000 ?
If you surrendered the endowment and used the lump sum to reduce the mortgage, also increasing the mortgage payment by the endowment premium amount to maturity, your return would be 26,982.
That beats all the SL projections comfortably and it's a guaranteed amount.
If you need the life cover replace it before you surrender.It may worth seeing if anyone will give you a quote to buy the policy.Try here: https://www.apmm.org
.Trying to keep it simple...
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Ok, you can choose to thank Ed and ignore me but Eds figures are wrong and it is your loss if you follow her advice.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
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