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 Surrender your endowment with profit policy? :: |
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What do you really give up when you surrender or sell your With Profits Endowment Policy? Calculate the maturity first before you decide what to do.
Apart from losing valuable life assurance cover you will also give up the future potential growth of your policy. Simple enough, it seems. But what is the future growth of your policy? Would you not want to know before selling or surrendering your policy?
Ask your life company and they will provide you with projection figures, not with a maturity calculation based on current bonus rates. In recent years life companies have issued re-projection figures, known as the famous green, amber and red letters, to every policyholder in order to raise awareness that the original target amount might not be reached in today’s financial climate. But these are merely projections, not maturity calculations.
What are these projection rates of usually 4%, 6% und 8% based on? There is no norm and each life company can base their calculation on different criteria like surrender values, asset shares, investment performance to date, etc.
So how are you supposed to know the future potential growth before deciding whether to surrender or sell your policy if the real maturity calculation is completely different?
Endowment Check will NOT provide you with life company’s projection figures, WE WILL CALCULATE the maturity value of your policy based on current bonus rates and sum assured, applying the same mathematical method your life company would use at maturity.
Before you surrender or sell - calculate the maturity of your policy today
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"After saving me £3,600 in premiums - Endowment Check proved to be a good investment."
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