We have an endownment policy sold to us i think in 1987 was taken out to pay our mortgage off in 2012
Friends Provident is the insurance company, to date the latest forcast's show it will not payoff the full cost of our loan
Question,
As any body made a sucsessfull claim against their ins
Why do you want to sell? because it is under performing? how long have you had it for, all this hype about endowments underpaying and under performing has sent people into panic mode. If everyone cashes in endowments, where does that leave the companies that provided them? Probably in their favour
we took out an endowment policy in 1989 for 30 years. Supposed to mature to 44,000 but will only reach £25,000. Converted to a capital and interest 2 years ago on buying new property. This mortgage runs til 2019 and costs £508 a month. Paying £40 a month for endowment. Been offered £13,500 f