The Endowment Policy is three policies that add up to a surrender value just over the value of the mortgage. The Policies will mature in 4, 5, 6 years. There are warnings against each of the polies - that they may not pay enough to cover the mortgage value at maturity, but the larger and older of the three policies has been looking better over the last two years, and, if left to maturity, will be just enough to pay-off the mortgage.
Could it be "cash in the hand is better than a promise of a brighter future?".
2006-09-03
03:10:26
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8 answers
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asked by
Robert G
1