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Endowment matured. Did it do well or not?
silvercar
Posts: 49,811 Ambassador
Just curious to know if you think this policy did well.
At the time, 25 years ago, Standard Life was supposedly the best endowment going.
Payments £27.70 per month, for 25 years.
Payout £14518.88, including a mortgage promise payment of £624.
Expected payout originally (and joint life cover) was £21,200.
I make that a return of about 4.13%.
At the time, 25 years ago, Standard Life was supposedly the best endowment going.
Payments £27.70 per month, for 25 years.
Payout £14518.88, including a mortgage promise payment of £624.
Expected payout originally (and joint life cover) was £21,200.
I make that a return of about 4.13%.
I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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Comments
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Just curious to know if you think this policy did well.
At the time, 25 years ago, Standard Life was supposedly the best endowment going.
Payments £27.70 per month, for 25 years.
Payout £14518.88, including a mortgage promise payment of £624.
Expected payout originally (and joint life cover) was £21,200.
I make that a return of about 4.13%.
You need to allow for the fact that life assurance cover was included in the premium. So arguably the net return wasn't terrible.0 -
Thrugelmir wrote: »You need to allow for the fact that life assurance cover was included in the premium. So arguably the net return wasn't terrible.
Very true. I didn't think of that. Easy to say in retrospect that we didn't need it.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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