With Profit Low Cost Endowment Policy

[godthe]

I have been browsing my Life Insurance Policies and I have a query on one of them.
My wife and I have a With Profit Low Cost Endowment Policy and we are paying 110 euro a month for the 2 of us. The policy is for 16 years
The benefit is 25400 euro at the end of 16 years or on death if before.
I have worked out that over 16 years I will actually pay 21,120 euro.
This does not seem good value to me.
Does anyone have an opinion on this please

 

[Ravima]

read the policy again. There may be an ASSURED sum of €25400 but there should also be bonuses added to the policy every year and a terminal bonus at the end. How long have you been paying into the policy and how uch time is left?