NOTE: THIS IS A SAMPLE ILLUSTRATION ONLY AND DOES NOT CONSTITUTE ANY REAL VALUATION
Endowment Check Valuation Report
In the name of Sample on 28th May 2004
The following report is designed to give you as much information
as possible with regards to the calculated maturity value of your policy based
on the latest bonus rates declared by the life company you have chosen.
Summary
Policy details entered by you for
the maturity value calculation:
ABC Assurance Society - xy111456
Start Date
24 May 1985
Maturity Date
24 May 2010
Term
25
Sum Assured
£10,664
Current Bonuses
£9,317.15
Bonus Date
31 Dec 2003
Premium
£39
Premiums Paid
Monthly
Provided your life company does not change the bonus rates and all premiums
have been paid in full, the maturity value of your policy is:
£30,709.00
NOTE: THIS IS A SAMPLE ILLUSTRATION ONLY AND DOES NOT CONSTITUTE ANY REAL VALUATION
However, as we have experienced in the past, life companies have
changed both, annual and terminal bonus rates up as well as down affecting the
maturity value accordingly each time. As further changes in bonus rates are
likely before the end date of your policy, we recommend you check the value of
your policy every time new rates are announced as it will affect the maturity
of your policy each time, thus giving you an accurate picture of how your
policy is performing.
If you have an annual subscription we will notify you of any
bonus changes during the subscription year and you can re-value your policy
without any additional charges. Over time you will build up a performance
record of your policy giving you a better foundation for your financial
planning.
Illustration of Bonus Rate Sensitivity
The following table is designed to illustrate the effect a change
in either or both annual and terminal bonus rates have on the maturity value.
If there is no change during the remaining term ie 0% for "Change
of Annual Bonus" and 0% "Change on Terminal Bonus" the maturity shown will be
the same as quoted above.
Target Comparison
Target Value
£27,000
Likely Surplus
£3,709 (13.7%)
For further information you should talk to your financial
advisor, the Financial Services Authority (FSA) or the life company that issued
the policy to discuss your options.
Valuation History
If you have valued your policy before using Endowment Check, the
previous maturity values will be shown below, allowing you to establish a
track record of your policy and its performance. You can log in at anytime with
your password and go in to "My Policies" to view your policies valuation
history.
DATE
MATURITY VALUE
27 Jan 2004
£ 30,709
this is the valuation shown above
12 Aug 2003
£ 30,848
20 Jan 2003
£ 32,879
01 Aug 2002
£ 39,786
01 Feb 2002
£ 42,002
Useful addresses and telephone numbers:
ABC Assurance Society
ABC House
Sample Road
Sometown,
AB1 2CA
Tel: 0845 123 4567
The above valuation is for illustration purpose only and does not
constitute any guarantees. The actual maturity value of your policy will depend
on future bonus rates. Past performance is not necessarily a guide for future
performance. Please bear in mind that bonus rates can go up as well as down.
NOTE: THIS IS A SAMPLE ILLUSTRATION ONLY AND DOES NOT CONSTITUTE ANY REAL VALUATION
