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Endowment Policy details

34  years ago aged 26 I bought a flat and I believe I was sold an endowment policy - via (I think)  a building society - I sold the flat and paid back the money borrowed about a year later but I do not know what happened to the endowment policy?  I know the address of the flat but have no other details regarding the lending for it?  Is there a register of policies that can be referred to retrospectively?  Is there any way I can locate information about borrowing from a central source?  

Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What's the reason for asking? If you only ever paid the premiums for a year, I expect those would have been swallowed up by the set-up costs, and doubt there would be any investment value left.
  • Old_Lifer
    Old_Lifer Posts: 780 Forumite
    500 Posts Second Anniversary
    The endowment was a long-term investment.     As  davidmcn  says,  the first year's premium would have been used to pay the set-up costs, mostly initial commisson.    With some longer-term policies,  the initial commission  was spread over the first 2 years  which would impact on the surrender value in year two.
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