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RSA Low Cost Endowment - surrender?

BeckyMellor225 · 2013-06-03 16:56:16

OK, I have tried to work out what to do with this policy based on existing threads but they are quite old and I can't find quite what I am after so I have started a new question. Apologies if this is a repetition but when I started seeing the word Zombie used I got quite concerned. I took this policy out in the days of 14%…

Comments

dunstonh Posts: 120,425 Forumite

6 June 2013 at 10:24AM

Old conventional with profit plans can have quirks. Typically it is a percentage of the sum assured. Preferably, I would have liked the insurer to give a monetary amount. Virtually all insurers can and will to IFAs and most will to customers as well. However, some don't like giving the monetary value.

e.g. basic sum assured, annual/reversionary bonuses added to date plus a current final/terminal bonus of £xyz

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.

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