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42 Years with Commercial Union...
Logen
Posts: 42
Forumite
... and eventually Aviva.
I have an endowment due to mature soon after 42 years of paying in £15 a month. The endowment was taken out as a savings vehicle called Wealthmaker.
The maturity value including all bonuses will be just under £80,000.
I'm quite happy with this and I've worked out that this is equates to an annual growth of approx.8.7%.
What i would like to know is:
a) Is this a good rate of return or not? (I am aware that the policy included life cover and there would be a cost for that)
b) What would an imaginary pot funded at the same £15 per month and invested in a UK all share tracker be worth today? (with dividends accumulated)
Thanks in advance for your interest and the many helpful replies I am expecting.
I have an endowment due to mature soon after 42 years of paying in £15 a month. The endowment was taken out as a savings vehicle called Wealthmaker.
The maturity value including all bonuses will be just under £80,000.
I'm quite happy with this and I've worked out that this is equates to an annual growth of approx.8.7%.
What i would like to know is:
a) Is this a good rate of return or not? (I am aware that the policy included life cover and there would be a cost for that)
b) What would an imaginary pot funded at the same £15 per month and invested in a UK all share tracker be worth today? (with dividends accumulated)
Thanks in advance for your interest and the many helpful replies I am expecting.
0
Comments
-
Bump
Perhaps my mistake was posting on a bank holiday weekend when, presumably, the professionals were not on the forum and the talented amateurs were enjoying a weekend away.
So, once again, can anyone provide answer(s) to the queries in my OP?
TIA0 -
My private pension(I only paid into it for less than 3 years) and opt-out of the state second pension has grown to a value of £43k
If you had opted out you may have got much more, as this was 3/4 of my £43k0 -
Although this relates to an endowment policy, I think it would best be posted on 'Savings & Investments' because it isn't mortgage related.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
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