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standard life yearly statement

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Comments

  • mahatma_andy
    mahatma_andy Posts: 25 Forumite
    Thanks Ed -pretty much as I thought. Am awaiting the quotes for selling,so hopefully there's a bit more in there than the surrender value. I don't think there's any 'promise'money in there
  • silvercar
    silvercar Posts: 50,672 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Anyone considering selling an endowment policy should consider the life insurance benefit. This can be replaced quite cheaply if your health is still good.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • missymouse
    missymouse Posts: 981 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    We have a standard life policy which matures in 2016. I have been tempted to sell it off but will probably keep it running. It is not looking particularly brilliant either but we overpay our mortgage so hopefully in 8 years' we will be ok.
  • mrsmoneypenny9
    mrsmoneypenny9 Posts: 70 Forumite
    I've had some quotes for selling it on but tbh they are that different to the valuation from sl, one firm did quote me 20250 to 20500 after costs at an auction whats that about. Which is the quickest way to do it?
  • mrsmoneypenny9
    mrsmoneypenny9 Posts: 70 Forumite
    should say they are not that different, sorry
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    mrsmoneypenny9 wrote: »
    I've had some quotes for selling it on but tbh they are that different to the valuation from sl, one firm did quote me 20250 to 20500 after costs at an auction whats that about. Which is the quickest way to do it?


    One firm will make you an offer then put it in an auction for you to see if you can get more.Good way to go IMHO, as their basic quote is usually competitive.Usually takes about a month AFAIK.
    Trying to keep it simple...;)
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