How To Work Out How Good an Investment Was

arealhighlander

My wifes Endownment With Profits Policy with the Co-Op Insurance (CIS) matures in February.

She has been paying £15 a month for the last 15 years (£3375 all together). Its guaranteed £2910 with profits. No idea how much we will be getting back yes, should find out soon (any gesses?).

How do I bets work out how "good" an investment it was??

missile

You ought to have been receiving anual statements - look at and compare year on year.

dunstonh

If its an old industrial branch plan, most of these didnt issue statements. Industrial branch plans were mostly collected originally at the door by the insurance agent.

How do I bets work out how "good" an investment it was??

it wasnt. That type of plan started to become obsolete around 1995 and was dead and buried for advice around 1998/9 with only direct offer adverts still offering it until about 18 months ago.

Obviously we cant know what you will get back but I would work on a figure of £3600 to be on the safe side.

arealhighlander

Yes, you're correct it was one of those Industrial ones, which thankfully they started collecting by DD a few years back as we ended up with no CIS agent round here to collect it anyway!

I started it when we were young and foolish and saving seemed like a good idea (and my mother used to have a co-op policy and your mum can NEVER be wrong!)

I guessed at £4500, I'll let you know which of us is closer! Thanks.

bootman

We had a 10 year policy mature 2 years ago with them. Big mistake taking it out in the first place on hindside. After 10 years we basically got back just what we had paid in!!

macca64

My Dad have a 40 year policy mature with CIS, total contributions were about £480, the sum assured about £500, he got a payout of £7k ish.

However I have a 10 year policy taken out in 1998, so that I could start saving! Bonuses upto 2005 were approx £200 on a sum assured of £2,100.

Annual bonuses seem to have been around 2%-2.5% per year. Obviously the final bonus will add a decent amount to your payout.

Might give some idea.

EdInvestor

Obviously the final bonus will add a decent amount to your payout.

These days,maybe not

arealhighlander

dunstonh

only £100 out, CIS have said its will be worth about £3700, only £100 out LoL!

Whata a CRAP investmet that was - at least we didnt lose money!

Ill stick to my PEPs n ISAs from now on :-)

dunstonh

only £100 out, CIS have said its will be worth about £3700, only £100 out LoL!

Not a bad estimate.

Whata a CRAP investmet that was - at least we didnt lose money!

Ill stick to my PEPs n ISAs from now on :-)

Good call. With those you have more direct control of where and how its invested and can alter the funds as an when you feel its necessary. Plus they are lower charges. Just make sure they arent with CIS either.