mortgage endowment

[jaspercarrot]

could anyone advise me wether i should sell my endowment or keep making payments, i have been paying into it fo 17 years and the guaranteed amount payable at maturity has stayed the same for over 10 years and will not cover my mortgage when its fully matured. i have made other arrangements to secure payment of my mortgage.
my question is should i keep paying into it for another 8 years or sell it. thankyou

[sandmaster]

The choice is yours but if you sell the buyer will wish to make a profit so you will not get the full value. Is your endowment a 'with profits' type where a sum is added to the surrender value each year, or is it unit linked?
If unit linked the value will fluctuate and is a bit of a gamble. On maturity a further bonus will probably be added. One of my policies that recently matured almost doubled in value when the final bonus was added although the annual bonuses had been very poor.. As you have made other arrangemtents to repay your mortgage I would think it best with just 8 years left to continue to pay the premiums and wait for the policy to mature.