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[sir moanalot]

as i will not get a brill final amount on an insurance/savings policy i decided to surrender it today and was told i would get £20.38 !! not bad for a £14 a month outlay over the past 10 years !!!
so no im undecided, to i cut my losses and surrender or carry on and get approx £944 in 5 years time??  after paying a further £840 ??
i know im getting life cover in it aswell but will get a better return on the £14 in a company share save scheme....... :-/

[Darth Loo-knee]

I suppose at least you are saving it, if you didn't you would find something to spend it on  :-?

[Elite Pete]

There are places that will buy the policy off you

[ians]

How much would the life cover cost you separately and do you need it?

[jonathanh]

as i will not get a brill final amount on an insurance/savings policy i decided to surrender it today and was told i would get £20.38 !! not bad for a £14 a month outlay over the past 10 years !!!
so no im undecided, to i cut my losses and surrender or carry on and get approx £944 in 5 years time??  after paying a further £840 ??
i know im getting life cover in it aswell but will get a better return on the £14 in a company share save scheme....... :-/

depends on the level of life cover (probably pretty low) and whether you really need it.  most employers give 2-4 times salary life cover as part of pension - do you need any more.  (BTW the mortgage sales people often don't tell you this when they sell additional life cover as part of a mortgage)

Company SAYE plan  probably couldn't be any worse because you'll get your money pay even if the share price tanks.