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Phoenix do I stay or go
madmikefrog
Posts: 4 Newbie
I know this maybe asked a number of times, but as they say everyone is different so I will keep it brief.
Due to be finish 2015.
My question as of today 11/1/7 my surrender value £13332 of £42750 mort., in the past you would get a letter saying the amount and valid for 30 days with Royal & Sun Alliance not so with Phoenix.
Now the confusion, after the standard letter s*d off your too late more three years after stating I was never offered the chance of a repayment with the R & SA agent
view my short history of values of my policy.
11/1/2007 value £13332
9/11/2006 value £12366
23/5/2003 value £7850
Where as the gurantee current value(19,026) not changing much an annual amount of £19.50 a year.
So do I stick with in for the time being and keep ring for a quote once a month until the values start going flat ?
PS the monthly amount is £60, so you can see it growing quicker at the moment
So what the view ? , many thanks in advance
cheers
Mike
Due to be finish 2015.
My question as of today 11/1/7 my surrender value £13332 of £42750 mort., in the past you would get a letter saying the amount and valid for 30 days with Royal & Sun Alliance not so with Phoenix.
Now the confusion, after the standard letter s*d off your too late more three years after stating I was never offered the chance of a repayment with the R & SA agent
view my short history of values of my policy.
11/1/2007 value £13332
9/11/2006 value £12366
23/5/2003 value £7850
Where as the gurantee current value(19,026) not changing much an annual amount of £19.50 a year.
So do I stick with in for the time being and keep ring for a quote once a month until the values start going flat ?
PS the monthly amount is £60, so you can see it growing quicker at the moment
So what the view ? , many thanks in advance
cheers
Mike
0
Comments
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unit linked or with profits? If unit linked, what funds?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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It is with profits
thanks0 -
Cpould you post the following info so we can take a view
Guaranteed sum assured
Declared bonuses
Surrender value
Monthly premium
Maturity date
Maturity forecasts
Interest rate on your mortgageTrying to keep it simple...
0 -
Guaranteed sum assured 14108
Declared bonuses assume you mean the collective annual bonus (5499.00)
Surrender value 13,332 as of 11/11/07
Monthly premium £60.00
Maturity date April 2015
Maturity forecasts at 4.00 % 23500.00, at 4.75 25500
Interest rate on your mortgage 5.7 %
thanks0
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