Endowment Advice

Oct 01, 2003 2 Replies
N

Hello Mr. Kitchener,



I was wondering if you could give me an opinion on a financial matter?



I have an endownment policy that I have suspended due to financial constraints.



I have been informed by the insurance company that I have 2 options which I need to look into: -


1/. Cash in Value of 5472.70p after paying approx. 50 for 10 years.


2/. Paid up Value of 11,319 collectable in 2017.



Is this decision based upon whether I can make the cash in value work harder and give me a better long term return?



Thanks for reading and for any advice you might be able to give.



Kind regards,



Neil D.


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N

Nice policy - surrender value less than premiums paid (I assume you meant

50 per month and not per year).

You haven't given enough details to answer this question e.g. is it with-profits so your paid-up value could increase with bonuses. But on the face of it they are offering you over 5% per annum so long as the company remains solvent and doesn't do an Equitable.

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R

In article , No Flipping writes

I would guess that the 5% per annum is a forecast rather than a guarantee, although it would be hard to see how they could make less

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