Endowment taken out for first property sooooooooo long ago matures this December
Had all the usual "you policy is at risk" arse covering letters over the years - but as the mortgage is already paid off I kept it running for the life cover and as a savings scheme
Policy was to cover a £47500 mortgage (eeee houses were cheap in them days!)
Payout is £36595 so a 23% undershoot! and I remember at the time the bint who sold it suggested it should be worth £60000 at maturity on current projections
Feels like institutionalised mugging
What should I spend £36595 on?
Had all the usual "you policy is at risk" arse covering letters over the years - but as the mortgage is already paid off I kept it running for the life cover and as a savings scheme
Policy was to cover a £47500 mortgage (eeee houses were cheap in them days!)
Payout is £36595 so a 23% undershoot! and I remember at the time the bint who sold it suggested it should be worth £60000 at maturity on current projections
Feels like institutionalised mugging
What should I spend £36595 on?
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