If like many people you’ve become rather disillusioned with endowment policies – particularly if you have a mortgage-related endowment and you’re facing a shortfall – you may be wondering what to do with it.
Thanks to excessive charges, falling investment returns, low interest rates and inflation, many endowment policies have generally failed to perform which means that when your policy matures you may not have enough to pay off the mortgage. Many policyholders have been able to claim compensation on the basis that they were missold the policy in the first place and most have been switching to repayment mortgages in their droves to ensure the mortgage gets paid off….
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