I have a with-profits endowment policy maturing on the 28th February and was hoping for a bit over £26,000 (£34,500 original mortgage) based on information sent to me previously. I have just received a letter saying L&G will send the money to the bank after an amount is calculated on the 28th, but that their rate for a final bonus will change on the 21st February.
I had hoped that somehow the recent rise on the FTSE might indicate a better pay-out (probably too recent), but now I wonder whether the rate will change downwards a week before my policy matures.
If anyone has a strong feeling about the change direction, please let me know. Also, if it were going down, would I be better off trying to end the policy a few weeks early? I am guessing that may not even be possible.
I had hoped that somehow the recent rise on the FTSE might indicate a better pay-out (probably too recent), but now I wonder whether the rate will change downwards a week before my policy matures.
If anyone has a strong feeling about the change direction, please let me know. Also, if it were going down, would I be better off trying to end the policy a few weeks early? I am guessing that may not even be possible.