Hey guys,
Friend of mine has the Vista policy, he's in it 3 years (25yr term) with around €43,000 invested (of which €7500 is the bonus)
Here is his plan.
Suspend account (max 3 years)
Take a partial surrender (approx €14k) (remaining balance 43-14k = €29k)
Every 3 years, reactive account with min instalment €50, then suspend again for 3 years.
Continue to do this until Term ends.
Effectively when term is reached, you can get the remaining €29k.
So far the account is suspended 9 months, and lost no money, as the funds is making enough to pay off the fees, in some cases it makes over €1k in one month, so as long as this continues,...it could work, right???
Thoughts guys, anyone have other ideas?
Or just do a Full Surrender?
Thanks.