I have had a Windsor Life (was Gresham) endowment policy for 25 years, supposed to pay of mortgage.
As policy has matured today, I was given a maturity value today that is £1000 lower than the estimate of 2 weeks ago, and also £1000 less than surrender value of 5 weeks ago. I appreciate the stock market had been volatile but can't understand why the surrender value was higher than maturity value. Windsor life have given me different answers every time I phone them. The policy was supposed to have terminal bonus on maturity, I guess to encourage holding onto policy! All premiums paid up to date Is this drop normal for endowments reaching maturity this month even allowing for stock market behaviour?
Lyn