Help with how my nu policy is doing please

payless

If decide to cut and run, remember to get a price for selling rather than surrender ( although as someone pointed out here recently... why would anyone want to buy one if they are so bad?)

EdInvestor

Hi payless

...according to the link you give, the TB is based on the original sum assured ??

No, you have to add the regular (declared) annual bonuses in as well to work out the figure from the table.

payless

EdInvestor wrote:

Hi payless

No, you have to add the regular (declared) annual bonuses in as well to work out the figure from the table.

I always thought that also ( that TB was based of SA + bonses )
- although the link you quote clearly says otherwise

How do I calculate the final bonus for my plan?

As an example, we can look at a 20 year plan taken out in 1986 with a with-profits benefit of £10,000 and total regular bonuses of £7,852.32.
Using the table overleaf, the rate of final bonus per £1,000 with-profits benefit for a plan taken out in 1986 would be £315. Therefore the total amount of final bonus payable for this plan would be calculated as follows:
£10,000 ÷ £1,000 = 10
10 x £315 = £3,150
The total amount payable at maturity, including the final bonus, would therefore be:
With-profits benefit £10,000 + Regular bonuses £7,852.32 + Final bonus £3,150 = £21,002.32

EdInvestor

Sorry, I meant to get the total.

payless

but in post 5 you included the annual bonus to get your calculated TB