Aviva MySecureSaver. 2.25% guranteed p.a

BBCWatcher

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For old elderly who apply maybe they also eyeing the small little death benefits?
I guess, but they've got to lock this money away for 3 years else suffer a horrible surrender value. They could, you know, give the money away if they don't need it. And if the plan is death then they obviously don't need it.

And I think the way this works you (your heir specifically) actually lose if you happen to die in the third year. Unless I'm misreading it, the 5% death benefit would've been exceeded by 2.4% p.a. interest. So the insurance company selling this endowment is very happy if you die sometime in the third year, right?

It's the only thing I can think of, though: you think it's likely you'll die soon (within a year let's say) and want your heir to get another 5% on this particular $20K+ cash you don't need. Seems far fetched, though, doesn't it? I think it's far more likely lots of people just didn't bother to look at the current SGS yields and next auction that's about 4 weeks away.
 
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