Aviva Terminal Bonuses

Wack1888

Hi
Anyone had recent experience of Terminal Bonus payouts from Aviva on maturing 25yr Low Cost Endowments? - Mine due to mature in next 12m or so and it seems extraordinarily difficult to get a "ballpark" on what % this may/could be and exactly how its calculated (% of the policy Sum assured perhaps ??)
Any help appreciated.

Thrugelmir

Market conditions over the next 12 months will have a material bearing on the outcome. Bonuses are actuarially calculated. Far beyond a lay person.

Wack1888

Ok - appreciate that.
Its just that the "surrender your endowment" brigade are hammering my door down and it was the thought of a "reasonable" terminal bonus that was partly keeping them at bay. Just wanted to see out of interest what anyone had achieved over the last say 5 yrs or so.

TrickyDicky101

That won't help you - terminal bonus will be influenced by the market position at the time the bonus is calculated. If the market sinks between now and maturity, TB will fall. If it increases, TB will rise.

daveyjp

If you have an Aviva endowment covered by the mortgage guarantee promise if you surrender you won't get the payment.

From Aviva website a poilcyholder on a 25 year £50 month endowment received £25,825 on maturity in 2015, 4.1% a year.

Wack1888

Many thanks.
TBH I'm being a bit greedy in one respect as the total of my Guar Min SA and bonuses thus far will probably just about cover the amount I need - any addt terminal bonus to be added would indeed be a bonus !

dunstonh

The mortgage endomwent promise is usually thousands of pounds. I have seen over £10k on one. As said, that would be lost on early surrender.

AnotherJoe

Wack1888 wrote: »

Ok - appreciate that.
Its just that the "surrender your endowment" brigade are hammering my door down and it was the thought of a "reasonable" terminal bonus that was partly keeping them at bay. Just wanted to see out of interest what anyone had achieved over the last say 5 yrs or so.

And is that because its in your interest or theirs for you to sell it? Hmm tough one.

dunstonh

Its just that the "surrender your endowment" brigade are hammering my door down and it was the thought of a "reasonable" terminal bonus that was partly keeping them at bay.

Do you mean "surrender your endowment" brigade or "sell your endowment" brigade?

Surrender would benefit Aviva as they would not have to pay the MEP. Sell your endowment would benefit the buyer as they get the MEP.

Wack1888

sorry - I meant "Sell" - and yes naturally they would get the benefit - mine doesn't have a MEP.
From what people are saying there appear to be no point in even mulling over any terminal bonus at this moment in time - seems purely at Avivas discretion

vulcanpilot

Our maturity is due in less than 6 weeks. Aviva cannot give us a ballpark about its maturity value even this close. Find it hard to believe that any terminal bonus (and the phrase "terminal bonus, if any" was used) could be nil considering Aviva have failed to pay any reasonable amount of annual bonus for many years.

Thankfully we no longer have a mortgage so this will be a savings booster for us, but I find the whole 'smoke and mirrors' surrounding their investment of our money quite unpalatable. If it hadn't been for the MEP on our policy we'd have ditched it years ago but damned if I'm letting them off the hook on that, assuming of course they'll honour it (well, they hadn't given us the 3 years notice they wouldn't pay it so we are having to assume that as well, as they cannot actually tell us apparently :mad: )