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Standard Life - Would it be stupid to.....
gnat9gnats
Posts: 7 Forumite
Sorry, I'm going to ask again, in the hope that someone can help me........
My 25 year Standard life Low Cost endowment matures in October. Here are the numbers as of Feb 1st:
Minimum paid at maturity £47831
Current value £50818 (including final bonus)
Bonuses added in last 12 months £142
Final bonus £4351 (LY it was £2190)
Premiums to pay to maturity £648
Can anyone tell me how SL calculate their FB's? Is the final bonus calculated each day, so it could be significantly lower in October?
By cashing in now, would I be losing anything other than the chance for the FB to be higher OR lower (and of course 7 months life cover)?
Thanks
My 25 year Standard life Low Cost endowment matures in October. Here are the numbers as of Feb 1st:
Minimum paid at maturity £47831
Current value £50818 (including final bonus)
Bonuses added in last 12 months £142
Final bonus £4351 (LY it was £2190)
Premiums to pay to maturity £648
Can anyone tell me how SL calculate their FB's? Is the final bonus calculated each day, so it could be significantly lower in October?
By cashing in now, would I be losing anything other than the chance for the FB to be higher OR lower (and of course 7 months life cover)?
Thanks
0
Comments
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7 more payments I would carry on to the bitter end just to get the final bonus0
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Current position if nothing changes between now and maturity £52182
Current surrender value £50,818
difference of £1364 fort he sake of 7 months. Would the alterantive you would do with the money make up that £1364an anyone tell me how SL calculate their FB's? Is the final bonus calculated each day
It depends on the version of the plan you are in.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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