Does anyone know l&g final bonus for 2013

Big_g_5

I have a with profit endowment maturing in July does any one know what I can expect in final bonus?

kingstreet

No. It would be based on terminal bonus rates at the time and they are based on the term of the contract.

Best you can hope for is someone having had an L&G maturity recently who shares the same policy term as you.

Big_g_5

Thanks, do they change the terminal bound rate daily, months or yearly, do you know why that don't publish this kine of info?

kingstreet

It reflects profits earned in the with-profit fund, but not distributed as an annual bonus. It will reflect recent investment conditions related to the underlying investments - gilts, cash, equities etc.

It could change daily, although I'm not sure what L&G policy is. It may be worth an enquiry of them, or a search on their website.

jamesmorgan

Fosters and Cranfield auction endowment policies. Auction details contain current bonus levels for each policy. This suggest that L+G currently pay around 69% terminal bonus for 24 year policy and 81% for a 25 year policy.

http://www.foster-and-cranfield.co.uk/previous_catalogues/2755f.htm

kingstreet

It's expressed as a percentage of the attaching bonus too, where some firms quote a percentage of the basic sum assured.

Big_g_5

Update I called l&g and they advised that 81%.

Looks like that cruise I was promised with the excess to the mortgage is on hold but could have been much worse.