I have a 10 year Endowment with profits policy which is coming near its maturity date. There is a chart of guaranteed values at the end of each year so I know how much to expect for this portion of the policy.
My final year sum also will have bonus added (very small) as notified each year.
The policy also states that a 'Termination Bonus' may also be paid. Would anyone know is this normally paid and is it a percentage of the overall return or how is it calculated?
Thanks in advance.
My final year sum also will have bonus added (very small) as notified each year.
The policy also states that a 'Termination Bonus' may also be paid. Would anyone know is this normally paid and is it a percentage of the overall return or how is it calculated?
Thanks in advance.