I paid into a life policy for 30 years - started when I was 35.
I took out the policy with Royal Life for the first 10-15 years all seemed well - annual bonus was in line with what I could see. The annual bonuses then died and then the policies were taken over by Phoenix.. ................ no annual bonuses and terminal bonus was modest.
Phoenix buy up Zombie Lie Companies - keep taking premiums and their fees - made the founders megabucks whilst punters got poor returns.
If I had chosen another life company, say Standard Life, on a 25 year policy I would have more than doubled my payout.
My "new Jaguar XJ fund" did not live up to my dreams.
Last edited by: Falkirk Bairn on Mon 16 Aug 21 at 10:12
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Endowment cash new
Endowment cash new
