Animals & Nature4 mins ago
endowment policy
2 Answers
I took a policy out to cover a �21000 mortgage which i have since paid off, but kept the policy going.
I have been paying �30 a month for 16 years and today recieved my yearly statement saying the cash in value is �6250, this time last year the cash in value was �6149, so its gone up by only �101 although im paying �360 a year.
The policy is with friends provident, whose share prices have plumetted just recently, I think i should cash it in before it gets worse.
Any help or advice greatly appreciated.
I have been paying �30 a month for 16 years and today recieved my yearly statement saying the cash in value is �6250, this time last year the cash in value was �6149, so its gone up by only �101 although im paying �360 a year.
The policy is with friends provident, whose share prices have plumetted just recently, I think i should cash it in before it gets worse.
Any help or advice greatly appreciated.
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For more on marking an answer as the "Best Answer", please visit our FAQ.All share prices have plumetted recently but no-one knows whether they will fall further or level off and rise back above last year's levels.
The surrender value is an indicator but a more important measure is the latest projeced valuation, and whether the final valuation forecasts are on track and are growing or falling year on year
The surrender value is an indicator but a more important measure is the latest projeced valuation, and whether the final valuation forecasts are on track and are growing or falling year on year