190763 - Concerning endowment policies that are not linked to mortgages or other loans and as I have mentioned previously to soulsauce, I cannot see why one would be content to endure the whims of a Life Office that is unable to guarantee returns of even 4% p.a. for the next 5-10 years.
Who on earth are these insurance companies employing on their investment teams ? Their projections are nothing short of pathetic.
For pity's sake, you can earn 4.1% gross in an instant-access bank account.
No, if you cannot surpass the projected endowment returns handsomely within the remaining lifetime of one's policy(ies), then you should not be in the investment game.
Of course, some endowments will perform better than projected, but the last 3 years will take a lot of future outperformance to be reflected in rewarding final bonus payouts.
Also, it's costing you a premium every month - which you will save upon encashment - and the life insurance cover paid for out of those premiums can be obtained fantastically cheaper in the open market.
If you have half a mind to be an investor, there is little decision-making required.
Pharma.
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