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endowment help again please
AGAR_2
Posts: 35 Forumite
red letter
start date 21 nov 1996
premim 41.31
current value 12,237.10
target 26,250.00
maturity date 21 nov 2021
projected final amount at 4% 14,500
shortfall 11,750
projected 6% 17,400
shortfall 8,850
projected 8% 20,900
shortfall 5,350
mortgage swapped to repayment about 6 years ago down to about 20k now last surrender value i had was for adout 4k
have over 50k in savings and another endowment which matures in 2014 so will keep it going till the end but the question is what to do with this one any advise welcome please
start date 21 nov 1996
premim 41.31
current value 12,237.10
target 26,250.00
maturity date 21 nov 2021
projected final amount at 4% 14,500
shortfall 11,750
projected 6% 17,400
shortfall 8,850
projected 8% 20,900
shortfall 5,350
mortgage swapped to repayment about 6 years ago down to about 20k now last surrender value i had was for adout 4k
have over 50k in savings and another endowment which matures in 2014 so will keep it going till the end but the question is what to do with this one any advise welcome please
0
Comments
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Please post updated surrender value and maturity forecasts.
What interest rate are you paying on the mortgage?Trying to keep it simple...
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to late to call n/u now sorry aviva and will post tomorrow+mortgage intrest rate0
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Also ask them what the mortgage promise value is. Most Aviva plans have a payment they add to the value on maturity if its in shortfall. They dont go out of their way to let you know this but do have to tell you if you ask about it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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surrender value is 4936.2p asked him what intrest they were paying out at and he told me they are currently running at -thats -12% at maturity just waiting for the market to pick up0
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:j ANYMORE INFO NEEDED0
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What was the mortgage promise value?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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