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Another surrender advice question!
Comments
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Trying to get my head around how these policies work.
Am I right in thinking that a provider will pay no less than the Guaranteed Sum Assured + the Declared Bonus? Or is it possible that a horrendous year could potentially reduce the final matured sum drastically below that figure? I'm just tring to get a worst case scenario. Any advice much appreciated.0 -
Trying to get my head around how these policies work.
Am I right in thinking that a provider will pay no less than the Guaranteed Sum Assured + the Declared Bonus?
Yes.Although when it came to the point Equitable Life in some cases paid less.However that was before the FSA forced the companies to reserve for their guarantees, so that shouldn't happen now.Trying to keep it simple...
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