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Policies maturing next year
mijauree
Posts: 1 Newbie
I have a Flexible Mortgage Plan policy due to mature next July. It no longer backs a mortgage so is purely a savings tool. Given the current uncertainties should I cash it in now?
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Comments
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If it's mortgage related it's likely to be either with-profits or a managed fund ; both are only partly invested in the stock marketSince the money is not required to repay a mortgage and if you do not need the money anytime soon, should things still be doom and gloom when the policy matures next July and markets are depressed, you may perhaps turn this to your advantage by investing elsewhere in a broadly-based fund where the price is also depressed and sit back and await a recovery.0
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Given the current uncertainties should I cash it in now?
There are always uncertainties. Why did you not ask this question during those other periods?
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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