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Can anyone offer advice on my endowments, please?

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Comments

  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Certainly, some have. The best ones have been averaging 6%.

    The Guardian policy, being unit linked, could bounce back quite quickly when markets recover.There is not a lot to lose by holding onto the SW policy, as the remaining terminal bonus is quite small.

    If I were you I would check the surrender value monthly on the FP policy.If that continues declining, you may be best to surrender as there is quite a decent TB in that policy which you could lose if you wait.
    Trying to keep it simple...;)
  • Penny_Farthing_2
    Penny_Farthing_2 Posts: 502 Forumite
    And there's me thinking we'd only get a terminal bonus if we kept paying in till the maturity date! Honestly, you should have to take a test before being allowed to sign up for these things!
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Penny_Farthing wrote: »
    And there's me thinking we'd only get a terminal bonus if we kept paying in till the maturity date!


    A very common misconception which the industry does nothoing to correct.
    Trying to keep it simple...;)
  • Penny_Farthing_2
    Penny_Farthing_2 Posts: 502 Forumite
    EdInvestor
    Thanks for the time and trouble you've gone to to help me with this -it's really appreciated.
  • Dick_here
    Dick_here Posts: 1,605 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    EdInvestor wrote: »
    A very common misconception which the industry does nothoing to correct.

    If Sum Assured + bonus to date < surrender value, difference = terminal bonus.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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