Endowment Help Needed

[jaspergirl]

Hi, I have an endowment with about 3 years to run (pay the premiums but cant find the policy after moving house!)...I desperately need some money but dont know whether or not to sell it as I seem to remember there is life cover attached and since I took it out I have had some serious health issues and when I tried for life cover they loaded the premiums so much I couldnt afford it! Can anyone advise please, could I just borrow against it short term? I think from memory the projected payout was between £22000 and £28000. Any advice would be appreciated. Thanks!

[buildersmate]

Yes, you can sometimes get a loan that reasonable interest rates from the company who the policy is set up with.
The gist of how it works is here: -
http://www.glitec.co....inst-your-endowments/
Read the bit under where it says 'Assigned to you'.
They treat the policy effectively as a good-quality asset, and hence the loan can be obtained at around mortage interest rates - far less than the rates for personal laons.
But you are going to have to locate that policy first - or you are dead-in-the-water - no policy no pay-out.