Policies
For more information regarding Endowment Policies I have added some further resources here.
I need to know if I should cash in an endowment policy, it has 2 years to run?
United States v. Drescher - Wikipedia the free encyclopedia
Endowment Policies - Foundation
Endowment Fund Investment Board: Investment Policy: Idaho State ...
National Endowment for the Arts chief to resign - USATODAY.com
Proposed Endowment Policy for CESA projects and mitigation banks
The chances are that it will have been going for some years so it would seem sensible to keep going for the remaining two years. The problem is that you won’t know whether this is good value for money until it matures. Generally speaking savings plans make more money in their later years than they do in the early years so you don’t want to miss out on that potential growth. If you are having difficulty paying the premiums you may be able to stop these without penalty, you should check with the insurance company.
Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk.
yes you should
only if u really need the money otherwise u should hold on to it
No is the simple answer.
A financial expert on tv the other day said under no circumsatnces should anyone cash in an endownment policy at this moment in time.
Contact a self employed Independent Financial Adviser. They are in the best position to advise you what the market it doing at the moment and the repercussions if you cash in early as some are better left to the end due to heavy cash in early fines.