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Can this be right?
Comments
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So, if the projected maturity value and the surrender value are almost the same it is a good idea to surrender and save £600 in premiums?0
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That is not a reasonable comparison.happyandcontented wrote: »So, if the projected maturity value and the surrender value are almost the same it is a good idea to surrender and save £600 in premiums?
The projection is meaningless and unreliable as it has no foundation in actual investment returns.
TD101 - yes, there have to actually be unallocated profits to distribute, whether at surrender or maturity.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 -
It’s nice to be important but it’s more important to be nice. :dance:0
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