Any thoughts on my endowment

morrow56

Dunstonh - glad you replied - could you possibly keep us posted with any figures you receive about Scottish Amicable endowments please

I admire your posts - cheers

EdInvestor

The delayed action involved in smoothimg should mean that values will continue to go down for a while.

dunstonh

...although values obtained recently have shown improvements on many unitised with profits plans.

I would be more concerned with conventional or the lesser secure insurers.

morrow56

Figures update at 6/7/09

Received new figures today

Target amount is £30,000

14th October 2008
4% 31,830 6% £32,840 8% £33760

April 24th 2009
4% 26,480 6% £27,100 8% £27,630

July 6th 2009
4% 26,480 6% £276,980 8 % £27,480

Terminal Bonus is 34%

The policies mature in April and May next year. However I think I can extend them to November when my mortgage is actually repaid

It would cost me approx another £280 to pay 6 further premiums and also I would lose the interest on my matured policies for 6 months

Does anyone think I should extend the policies for the 6 months and hopefully the Terminal Bonus, which I think is critical to my final amounts, might improve still further

Thanks again for any info/thoughts/help

Andrew
Thanks for your help

EdInvestor

It would seem silly to delay while projected final values are still on the decline. Arguably it would be better to cash in now before they decline further.

morrow56

Is there not a school of thought that Terminal Bonus may be on the rise from perhaps June next year??

morrow56

Called Prudential today re my 2 policies

Terminal Bonuses are sitting at 30% and 34%

Anyone any thoughts whether these figures will rise by April and May 2010

Thanks in advance

dunstonh

Terminal Bonuses are sitting at 30% and 34%

Anyone any thoughts whether these figures will rise by April and May 2010

Only if they have a crystal ball. Pru bonuses and/or MVRs have been improving recently but they are largely dependent on future returns which are unknown.