I realise that this may be a stupid question and one that should really be answered by the company which issued the endowment but :-
1) I only require a rough idea (is it likely to be more or less than the amount paid in) 2) Due to a "technical problem" - They (Norwich Union) can't give me any idea of the value for at least a week.Anyway, here goes :-
I've got an endowment which started just over 11 years ago - The sum it is to cover is 26,500, the monthly payment is approx 32 In total so far I've paid about 4300 into the endowment - It is a 25 year policy so has about 14 years left. Please note I haven't been informed by NU that it is likely to miss it's target so I'm assuming it is still on track to mature at the required value.
I'm looking at cashing it in to get at the cash but the Norwich Union can't give me an idea of the amount I'll get for another week so can anyone give me a best guess as to how much I'm likely to get if I surrender it now?
I don't expect an accurate answer, but would the cash in amount typically be equal to the amount paid in so far (4300), or much less or much more?
Those figures again :-
25 year endowment for 26,500 with 11 years gone and 14 left to go. (Payments started about July 1992) Total paid in about 4300If anyone who's done a similar thing lately could give me even a very rough idea I'd be grateful.
Again, thanks for any help - I don't expect accuracy but am only interested in whether it'd be likely to be more than I've paid in, or less, or about the same amount.
Thank you for you time reading this (and hopefully replying to it)
Cubik.