mc_arigead
Registered User
- Messages
- 13
I suggest you get good advice (if you know a good advisor)?
Now, this is a bit that most people don't know, if you increased your premium from €63 to €200, the €137 increase is subject to the initial commission treatment i.e. 48% is invested and the other €63 is at 94%. So it is not in your interests to contribute to that contract anymore.
There may also be a monthly policy fee charged on that policy and given the small premium a fee of €3.50 would equate to 5% of the contribution.
Would I be better off to leave the monies in this policy or transfer it out to new policy when I start one.
Depends on the rate that you get for the transfer. €8,000 isn't that much to an insurance company so they won't offer a great allocation rate for it.
*A lot of work goes into giving someone good financial advice, so you pay for what you get.
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