August 3
wots all this?… buying up of 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?…
Vanna
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?…
Vanna
NUUURRRRRRRR