First - how long have you had the policy? Endowments increase in value quicker as time goes by, if you've only had it a few years it will be worth very little. If it's close to maturity then it's worth hanging on to if at all possible.
Second - Don't take the first valuation, get at least 3 va
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
Many homeowners in the UK during the 80's and 90's purchased endowment policies. They were sometimes called mortgage endowment policies. These policies were a form of insurance and investment savings that would cover the final cost of the home mortgage when it came due. The policy holder would