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terminal bonus winterthur

rayisaac
rayisaac Posts: 1 Newbie
edited 3 March 2011 at 3:51PM in Mortgages & endowments
Hi,
Just phoned Winterthur Life

i have had a with profits endowment for 25 yrs matures this year august

winterthur where vague regards any terminal bonus, i have not recieved any bonus for the last 6 years
is the terminal bonus based on the original endowment value mine was £10,000.00 or is it calculated on what the policy is currently worth, again mine is worth £6200.00 5 months from maturity.

please help may i get a percentage bonus on 10k or a percentage bonus on 6k, winterthur wont tell me if any bonus will be paid even though i have been with them for 24years.

thanks
R

Comments

  • kingstreet
    kingstreet Posts: 39,436 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As the terminal bonus could be anything and you won't know until maturity in August, it's a moot point how it's calculated.

    However, to assuage your curiosity it's usually given as a percentage of the guaranteed basic sum assured, plus attaching bonuses.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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