shall i sell,cash it in or keep paying till the end of the term?

i took a extra small with profits loan out for double glazing 14 years ago when we moved into our house.we have sold the house but kept paying the small amount of £13.10 a month.i have 13 month left to pay before maturity.i have just had a letter from the prudential to say at this moment in time there will be a short fall on my policy and that the policy will have to see 8% to clear the shortfall and it looks like it will only be 6% at the end of the term and to make other arrangements to make up the short fall.although this is not to pay off a mortgage and just a way of saving i am in a mind to cash it in as i still have £170 to pay over the 13 months and the short fall will be £120.i cant see the point in keeping the policy on.anyone out there that can give me some advice would be very much appreciated CHEERS FROM SYLVI

6 months ago - 1 answers