Royal London 25 year endowment matured today!

kandfs_mam

Delighted with our endowment policy that we took out on our first home 25 years ago.  We sold the house 17 years ago and moved to a repayment mortgage (which we managed to pay off 3 years ago) but kept the endowment running as a savings / life insurance policy.

It was guaranteed to pay out £42,500 and the statement in April said it's surrender value was just over £45k.  Amount paid into the bank this morning £56,315
No paperwork from them yet but I'm happy. 

MACKEM99

So you are now well endowed.

kandfs_mam

 

fewcloudy

kandfs_mam said:

Delighted with our endowment policy that we took out on our first home 25 years ago.  We sold the house 17 years ago and moved to a repayment mortgage (which we managed to pay off 3 years ago) but kept the endowment running as a savings / life insurance policy.

It was guaranteed to pay out £42,500 and the statement in April said it's surrender value was just over £45k.  Amount paid into the bank this morning £56,315
No paperwork from them yet but I'm happy. 

@kandfs_mam

 It's the rules of the forum; you must add your info to one of the longest running threads on this website!

https://forums.moneysavingexpert.com/discussion/3889479/anyone-with-a-25-year-endowment-which-matured-recently/p24