Hi,
A life insurance policy with a savings element was taken out in 1994 by a single parent with young children.
the premium was 25 punt per month, increasing by 5% each year. To date that would be about 6700 euro paid.
The current encashment value is quoted at 5000 euro.
given that the stock markets have gone up anywhere from multiples of 5 to 10 does this seem correct to anyone.
obviously in all depends on the percentage of each premium that was invested.
A life insurance policy with a savings element was taken out in 1994 by a single parent with young children.
the premium was 25 punt per month, increasing by 5% each year. To date that would be about 6700 euro paid.
The current encashment value is quoted at 5000 euro.
given that the stock markets have gone up anywhere from multiples of 5 to 10 does this seem correct to anyone.
obviously in all depends on the percentage of each premium that was invested.