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Royal London 25 year endowment matured today!
kandfs_mam
Posts: 1,053 Forumite
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.
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.
Mortgage Aug 22 £280,000
Current mortgage £28,000
Current mortgage £28,000
0
Comments
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So you are now well endowed.1
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Mortgage Aug 22 £280,000
Current mortgage £28,0000 -
@kandfs_mamkandfs_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.
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
Feb 2008, 20year lifetime tracker with "Sproggit and Sylvester"... 0.14% + base for 2 years, then 0.99% + base for life of mortgage...base was 5.5% in 2008...but not for long. Credit to my mortgage broker0
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