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Std Life: Surrender or Keep?
Skippyd00
Posts: 15 Forumite
I have a with profits Endowment with Std Life...I am now considering whether I should surrender and invest, or simply continue with the policy - can anyone advise if I am missing factors during my consideration - :j Thank you
(Policy Dec 1987 - Dec 2012) 01/02/07 Policy Statement Info:
~ Current Value £17,422.35 Final Bonus £1,559.30 (Total £18,981.65)
~ Bonus added 2007 £81.15 (Total £9,810.44) + Sum assured £13,000 = Minimum payment at maturity £22,810.44
~ Bonus rates: bonuses @ .50% sum assured @ .25%
~ Life insurance £40,000 (I have no dependents etc)
~ Current surrender value £19,312.87
If I use the SV £19,312.87 plus remaining payments due £3,413.60 (Total £22,726.47) and invest into a savings account at e.g. 5.30% for the remainder of the policy term (5 years), I could have a return of £29,421.50
:beer: Thx for feedback in advance
(Policy Dec 1987 - Dec 2012) 01/02/07 Policy Statement Info:
~ Current Value £17,422.35 Final Bonus £1,559.30 (Total £18,981.65)
~ Bonus added 2007 £81.15 (Total £9,810.44) + Sum assured £13,000 = Minimum payment at maturity £22,810.44
~ Bonus rates: bonuses @ .50% sum assured @ .25%
~ Life insurance £40,000 (I have no dependents etc)
~ Current surrender value £19,312.87
If I use the SV £19,312.87 plus remaining payments due £3,413.60 (Total £22,726.47) and invest into a savings account at e.g. 5.30% for the remainder of the policy term (5 years), I could have a return of £29,421.50
:beer: Thx for feedback in advance
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