Endowment Values

stubbyd

Hi folks ... I've tried searching the site and also tried google but to no joy.

What I'm looking to do is try to work out a rough value that I'll get from my two endowments which are due to mature next year. Maybe I'm asking too much but I thought there might have been a calculator or similar that doesn't require me to submit details I don't want too - because I'm not looking to sell them.

I'm one of the 'unlucky' ones that was mis-sold but took out the endowments before the financial act would have protected me and nobody is willing to offer any compensation. So I simply look at them as a long term (albeit poor) investment vehicle.

Anybody provide some advice?

dunstonh

Anybody provide some advice?

How are you investments likely to perform over the next 12 months?

stubbyd

dunstonh wrote: »

How are you investments likely to perform over the next 12 months?

I honestly have no idea.

I presumed that I could find something that if I pumped in the monthly amount and how long I've been paying it for would give me a rough return based on known interest rates, etc for the past 24yrs.

Annisele

stubbyd wrote: »

I presumed that I could find something that if I pumped in the monthly amount and how long I've been paying it for would give me a rough return based on known interest rates, etc for the past 24yrs.

I'm afraid it's nowhere near that simple.

Your funds won't have grown (directly) in line with interest rates - the return you'll get depends on the performance of the underlying investments. Different funds invest in different things, so different endowment policies can produce wildly different returns.

You age also makes a difference - if 5% of your premiums were being used to provide life cover, the return will look better than it would if 25% of your premiums were being used for that purpose.

stubbyd

Ah right ... I'd forgotten that there's a life insurance aspect to it as well!

I guess I'll just have to wait until next year then as I don't intend to sell them.