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Endowments: WP bonus season kicks off
Comments
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Dunstonh, nope - they won't allow that.
The relationship between surrender and guaranteed bonus is doing my head in a bit though. The latter has gone up by £27 (.25%), but the surrender shot up by £2500 (10%).
So, annual bonus will I think continue to rise by £30 per year or so, meaning that the TB in 6 years will have to be 220% to hit my mortgage and 180% to hit the 5.5% mid-level growth forecast i.e £15K short.
The surrender is now 6K shy of the guaranteed bonus and presumably will not be rising at £2.5K a year even if stock market growth continues.
Aaaarghhh!0 -
EdInvestor wrote:Get some updated forecasts for maturity values. Then you'll have a better idea.
FP 22 year with profits: Start 07/1990 rewrite of previous joint 06/1988
Mortgage 56,750
Sum assured 21,477
Bonuses now 10,939
Surrender 27,052
Maturity Sep 2012
4% 39,800
5.5% 42,900
8% 48,5000 -
Dunstonh, nope - they won't allow that.
Thats a pain. They did different versions over the years and some did. Plus they bought some companies that did (London & Manchester for example).
I can imagine you thinking sods law that yours doesnt.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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