endowment policy

[betterman]

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.

[factor-fiction]

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

[Postdog]

Whether shares rise or fall, the surrender value is not in proportion to the final figure. That said, the final figure may be less than you expected, but it will still be a good return for your money, so unless you need that cash, I'd carry on paying.