acannydoitji
Registered User
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I'm interested in getting general feedback from m'learned friends here on AAM regarding endowments in general & Scot Prov one's in particular.
I have a Scot Prov with profits endowment taken out 1993, matures in 2011. Death benefit is 65k, basic sum assured is 29.5k. Bonus to date 10k. Monthly premium 167. Latest projected maturity value is 51.4k @ 4% and 55k @ 5.6% growth.
Scot Prov have declared no annual bonuses for the last 5 years. My understanding is the fund is closed and it would appear they have little interest in their Irish customers.
Should I keep this policy and hope that annual bonuses are re-instated and/or hope for a generous terminal bonus? Would I be better to liquidate this policy and re-invest proceeds?
Any and all opinions welcomed.
I have a Scot Prov with profits endowment taken out 1993, matures in 2011. Death benefit is 65k, basic sum assured is 29.5k. Bonus to date 10k. Monthly premium 167. Latest projected maturity value is 51.4k @ 4% and 55k @ 5.6% growth.
Scot Prov have declared no annual bonuses for the last 5 years. My understanding is the fund is closed and it would appear they have little interest in their Irish customers.
Should I keep this policy and hope that annual bonuses are re-instated and/or hope for a generous terminal bonus? Would I be better to liquidate this policy and re-invest proceeds?
Any and all opinions welcomed.