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Phoenix endowment payout
sgb479
Posts: 13 Forumite
Just had my maturity value projections from Phoenix for my former Brittanic low cost endowments,due to pay out in May,with potential terminal bonus added.
Target amount 28000 Maturity 29283
". ". 4000 " 3841
" ". 7000. " 6470
Don't know whether to laugh or cry!! Your thoughts appreciated,thanks.
Target amount 28000 Maturity 29283
". ". 4000 " 3841
" ". 7000. " 6470
Don't know whether to laugh or cry!! Your thoughts appreciated,thanks.
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Comments
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Sorry i dont get the figures?0
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Just had my maturity value predictions from Phoenix
Phoenix dont issue predictions. They issue example projections.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 -
Target amount is 39000 and it has potentially made 39594. A whopping 594 profit after 25 years of investment.0
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Achieving the target overall is a good result. The small surplus is a bonus.
Although not laughing, a smile is perhaps in order.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.0 -
Well compared the hundreds of thousands of people who have ended up with a shortfall, I really don't get what your problem is.0
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kingstreet wrote: »Achieving the target overall is a good result. The small surplus is a bonus.
Although not laughing, a smile is perhaps in order.
Thanks Kingstreet, i`ll allow myself a wry smile then:beer:0 -
I too have other policies that have shortfalls, the time difference between getting the vastly overstated projection (as it turned out) and the final maturity of my policy was under 2 months!0
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When sold these policies do the phrases 'stock market doubles in value every 5 years' and ' you will receive at least twice the sum insured' ring any bells!!!0
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When sold these policies do the phrases 'stock market doubles in value every 5 years' and ' you will receive at least twice the sum insured' ring any bells!!!
Never heard those phrases before. Typically the stockmarket doubles more like every 10 years but just to show that the last couple of decades have not been typical, the stockmarket has had a number of periods recently where it is actually lower than what it was a decade ago.
There have been periods where investments were quadrupling in 10 years in living history (and not that long ago either)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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