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  • FIRST POST
    • Soixante-neuf
    • By Soixante-neuf 29th Nov 17, 3:55 PM
    • 1Posts
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    Soixante-neuf
    Generali Vision - Seems ok so far - Advice needed
    • #1
    • 29th Nov 17, 3:55 PM
    Generali Vision - Seems ok so far - Advice needed 29th Nov 17 at 3:55 PM
    Hello Forum,


    I've read all of the horror stories on the Generali Vision plan and got more than a bit scared. My situation: After 10 years investing in this plan the nominal value >> the stated cash-out value >> the total premiums paid. So everything looks quite rosy.


    My question to the experts out there: should i be happy that i can recoup what was invested and run, or carry on paying into something that appears to nominally be working?


    Also, out of interest, i have had no contact with the financial advisors (Well know wartime-leader) since the day the product was sold. Are they still making money out of me? This would be enough reason to leave...!


    Many thanks in advance
    Soixante-Neuf
Page 1
    • Reaper
    • By Reaper 30th Nov 17, 9:16 AM
    • 6,153 Posts
    • 4,391 Thanks
    Reaper
    • #2
    • 30th Nov 17, 9:16 AM
    • #2
    • 30th Nov 17, 9:16 AM
    I gather there are many varieties of the plan largely dependent on how much commission has been agreed with the introducer, so I don't think you will get an absolute answer here.

    Broadly though the worst of the charges are in the early years and if you try to surrender early. You probably could have done better investing elsewhere but 10 years in you are probably best off sticking with it provided you don't anticipate the need to surrender it before the end of the term.

    If you are concerned you could go to a proper financial advisor (not a commission based salesman) and get them to review your particular plan.
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