Endowment Policy dosh contained by or Keep?

I have a next to profits endowment policy taken out 14 years ago to cover a mortgage of lb62250, I pay lb84 monthly. Norwich Union the provider right to be heard that there will be a shortfall but will gurantee 6% growth implication a likley payout of around lb47000 in 11 years time. The surrender utility of the policy is currently lb16700, accrued bonus is lb5023, straightforward sum assured lb18053. The outstanding value of my mortgage is lb42000. Should I change in the endowment and use the surrender appeal to pay some of the mortgage stale and use the monthly premium to pay extra bad the mortgage, or should I stick with the endowment policy? I am eligible for the Norwich Union reattribution windfall so will dally until that is sorted since deciding. I may trade to the likes of AAP who pass more than basic surrender significance.


Answers:    11yrs at lb84 monthly is about lb11,100 .
Keep the policy and generate a capital repayment when you can to diminish the interest that you are paying.
I would seek the suggestion of a financial advisor, you may be able to trade your policy for more

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