Wots all this?…buying up endowment policies about?…?
Thursday, March 11th, 2010 at
12:03 am
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yes they are a really good long term investment and i mean long term – where you get taken if you have a 20 year and you cash out say before year 14 or 15!!!
It depends on the terms of your policy although in certain cases it can really double in amount if you do not touch it after a certain period after its maturity. However, sometimes the value is no longer that much when you factor in inflation. For example what do you think would be the value of $1M 30 yrs from now?
In any case if you think about the amount you invested in the policy vs the return it might still be worth it. The process also forces you to save for a future need.