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Endowment Surrender Advice.
4 Answers
I have a 25 year endowment life policy for �17,000 with the Norwich Union which matures in 2012.
Current expectations are that it will probably only yield approx �13,000.
How much could I reasonably expect to cash it for now, and who will buy it?
Current expectations are that it will probably only yield approx �13,000.
How much could I reasonably expect to cash it for now, and who will buy it?
Answers
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Theland1, I was in a similar position to you. Mine also matures in 2012 but the advice I was given is that if I can hang on then the last couple of years would be more important together with final bonuses it should reach and go past the target. But with everything, nothing is guaranteed but if you don't need it my personal advice would be to hang on.