Equitable Las

[paulthewall]

Hi y'all
Is there anyone out there who has received a terminal bonus on a maturing life assurance policy from the Equitable? I cannot find any information about how much I am likely to receive in 22 months time, when my policy matures, and therefore if it is worth cashing in NOW, as it has grown by only 1.2% in the last year. Any news? I don't need to know how much you collected, but if they have recently paid out on a percentage basis, how is this calculated?
Personal finance? I hate it; it's so full of potholes...like the roads.
Thanks

[Mass_Hysteria]

Can't really help Paul but if it has grown only 1.2% and the inflation rate is currently approx 2.7%, it is actually worth less than when you invested it.

I would cash it in and get some premium bonds. There's no risk and there's always a £1m prize to be won every month and other prizes. You can draw it out when you want too.

[factor-fiction]

I don't agree with cashing it in now, now when it's so close to maturity.
I thought though that Equitable h policies had had major problems
http://www.equitablelifemembers.org.uk/

[Peter Pedant]

.

surrender is one of the life industry's ugly sisters and is never recommended. I have an endowment but not EL, and terminal bonuses have been as low as Zero but wasnt for the one that has just matured. And has been as high as 20%

Usual case of past performance is no guarantee....

I have accessed factor 30's site and the MVA wh I wd have thought you sould have to pay varies between 5% wh for a 50k endowment is £2500 to 20% yowee ! which is ten k

This kinda backs up my first sentence.

If you were gonna give up you should have done so years ago - but the advice I was given was to see it through.

The other ugly sisters were - sell on the open market - however the buyer of your one wd have tax to pay on maturity so I think the price he would pay you would go down (I can;t think he would pay more if he had tax to pay....)

or stop paying and make paid up and I similarly think if you do that you make take it out of the QP (qualifying policy = no tax to pay) category

Like me... you are stuck with a dog
and just have to go on paying

Imperial Life wh is now classed as a zombie fund - one of the living dead - used to ask if there were any other fund the hapless investor might be interested in - but have stopped presumably because so many people swore at them. I restricted myself to: you have had it for 25 y I want my money.

dont shoot yourself in the head because for the last 23 y you have bought a truly c+ap investment

It cd be worse - you cd be in almenas ! (topical comment)

[boxtops]

I didn't know Equitable Life was still around, I remember they had big problems a while back.

I wouldn't cash in anything which is so close to maturity.

[DangerUXD]

I assume this is a with profits policy. I had one mature in 2011 and the terminal Bonus amounted to approx 30% of the final amount. So I'd say let it mature. Mine was Scottish Amcable originally. The terminal bonus calculation varies depending on circumstances so there is no general calculation but I do know that they deliberately hold back during the life of the policy so the terminal bonus is worth hanging on for. If you must cash it in you will get more than the SV from the companies who buy second hand with profits policies.

[buildersmate]

With 22 months to go, there is absolutely no chance that any info you may be given now will have any bearing on what you will get in 22 months time.

Agree with all the others that say don't cash it in now - too close to the end.