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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
endowment maturity schedule
lexi
Posts: 267 Forumite
Hi,
Luckily my endowment is due to mature on 13th march 09. today i received a letter from clerical/medical, saying it has written to the nationwide to deal directly with them. attached to the letter was a schedule of maturity benefits.
sum assured - £6128.00
Reversionary ( inc interim) bonus - £8179.60
Guarenteed terminal bonus - £1716.90
Total maturity amount £16024.50
we owe £16000.00.
it then says they guarentee they will not pay less than the above amount, but if rates increase will increase the maturity.
I presume then that after sending this amount to nationwide we will have a grand total of £24.50 returned? Or is it likely that the amount will change in the next month? plus i guess i just sit & wait until march?
btw what happens to the deeds when everything is done & dusted?
sorry about the the questions! lexi
Luckily my endowment is due to mature on 13th march 09. today i received a letter from clerical/medical, saying it has written to the nationwide to deal directly with them. attached to the letter was a schedule of maturity benefits.
sum assured - £6128.00
Reversionary ( inc interim) bonus - £8179.60
Guarenteed terminal bonus - £1716.90
Total maturity amount £16024.50
we owe £16000.00.
it then says they guarentee they will not pay less than the above amount, but if rates increase will increase the maturity.
I presume then that after sending this amount to nationwide we will have a grand total of £24.50 returned? Or is it likely that the amount will change in the next month? plus i guess i just sit & wait until march?
btw what happens to the deeds when everything is done & dusted?
sorry about the the questions! lexi
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards