August 1
Wots all this?…buying up endowment policies about?…?
djave djarvoo ‘djas originel asked:
because there has to be a reason why large companies are buying them up!…A friendly financial advisor has told me that you should NEVER surrender it?…for example…a 25yr endowment policy takes appx.8yrs to pay off service charges?…then gives little or no gain…for the next 15yrs?…THEN in its final 2 years…JACKPOT!…it increases rapidly as bonuses and things all start to gather up?…and you can also “transfer” it to a new home purchase at any time?…IS THIS TRUE?…are we “selling off” a good investment in the future?…for a couple of ££ now?…
Terri-jo
because there has to be a reason why large companies are buying them up!…A friendly financial advisor has told me that you should NEVER surrender it?…for example…a 25yr endowment policy takes appx.8yrs to pay off service charges?…then gives little or no gain…for the next 15yrs?…THEN in its final 2 years…JACKPOT!…it increases rapidly as bonuses and things all start to gather up?…and you can also “transfer” it to a new home purchase at any time?…IS THIS TRUE?…are we “selling off” a good investment in the future?…for a couple of ££ now?…
Terri-jo
The amount if you to save for future need.
The terms of your policy although in the value is no longer that much when you do you do you factor in inflation for future.
yes they are a really good long term investment and i mean long term - where you get taken if you have a 20 year and you cash out say before year 14 or 15!!!