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Legal & General endowment, advice pleade!
shopaholicjules
Posts: 332 Forumite
Hi
I have just received my annual bonus statement for year ending dec 05. I currently pay £33.51 a monthand the policy is due to mature 10/2018. Basic sum assured is £8,050.00, life cover 23,000, existing bonuses 2,324.50, bonuses added for 2005 89.40, total basic sum assured 10,463.90 and current final bonus rate 64%.
In the booklet I got with it, it is saying overall investment returns for 2005 before tax +19%, 2004 +12%, 2003 +14%, 2002 -9%, 2001 -7% so does look like it is doing better.
I do not really understand it all and hoping if someone will advise me as to whether I should keep it or sell.
Does it look like it might start to reach its target.
Any ideas would be welcome
Thanks
Jules
I have just received my annual bonus statement for year ending dec 05. I currently pay £33.51 a monthand the policy is due to mature 10/2018. Basic sum assured is £8,050.00, life cover 23,000, existing bonuses 2,324.50, bonuses added for 2005 89.40, total basic sum assured 10,463.90 and current final bonus rate 64%.
In the booklet I got with it, it is saying overall investment returns for 2005 before tax +19%, 2004 +12%, 2003 +14%, 2002 -9%, 2001 -7% so does look like it is doing better.
I do not really understand it all and hoping if someone will advise me as to whether I should keep it or sell.
Does it look like it might start to reach its target.
Any ideas would be welcome
Thanks
Jules
0
Comments
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Does the no response mean its not worth having, any ideas please.
Jules0
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