We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Building Society/ Insurance Portfolio Plan Gteed Fund
Peaklander
Posts: 1 Newbie
Hi
Just looking after aged parents affairs now they are too infirm to do it themselves.
I have found a local Building Society portfolio plan guaranteed fund investment that is due to mature next month after 5 years, it seems to be a dual bond jointly operated by the local BS and Norwich Union with unspecified guaranteed return and life assurance to the value of the investment. ( ie if you die your estate gets 101% of your money back plus a percentage of the profits?
I cannot make head or tail of how the thing is supposed to work? Please can anybody explain it in simple terms?
Insurance based investments are useful in their personal circumstances as the capital is disregarded for social care funding.
Any explanation in simple terms would be gratefully received.
Just looking after aged parents affairs now they are too infirm to do it themselves.
I have found a local Building Society portfolio plan guaranteed fund investment that is due to mature next month after 5 years, it seems to be a dual bond jointly operated by the local BS and Norwich Union with unspecified guaranteed return and life assurance to the value of the investment. ( ie if you die your estate gets 101% of your money back plus a percentage of the profits?
I cannot make head or tail of how the thing is supposed to work? Please can anybody explain it in simple terms?
Insurance based investments are useful in their personal circumstances as the capital is disregarded for social care funding.
Any explanation in simple terms would be gratefully received.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards