DO I continue with my endowment or not?
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whittaker
Apprentice
Joined: 25 Sep 2005
Posts: 8
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 Posted: 10/07/07 - 04:30 Post subject: |
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| I really need your advice with this one. I am paying an endowment with a low cost and it matures in five years. The sum at the end will not be so small but now I have opportunity to pay off my mortgage if I sell it. I even have a buyer who offers more than insurance company. DO I continue with my endowment or not? |
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shurwood
Apprentice
Joined: 04 Jan 2007
Posts: 5
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| Posted: 11/03/07 - 01:31 Post subject: |
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| The thing that bothers me is that buyer. If he has an interest to buy it off from you that there is interest for you to keep it. The answer is not simple. You can stop paying the premiums and keep the policy but in that case you will not solve the problem with your mortgage. The offer seems good because I guess you will have some money left for other investments. I know I havent really helped but I was interested in your problem so had to write something down. |
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