Capital Management Bond
Capital Management Bond
The Capital Management Bond comprises of one or more identical single Premium unit-linked whole of life assurance Policies.
The premium will be invested in permitted investments selected by the policyholder or by the appointed Investment Manager. The value of the investments will dictate the value of the Bond. The income those investments produce (such as dividends or interest) also increases the value of the Bond.
Upon the death of the Life Assured or, if there is more than one Life Assured, the first or last (as specified in the Policy Schedule) of the Lives Assured to die, the policy pays the death benefit. The amount paid is equal to 100% of the realised value of the underlying assets plus £100, less any outstanding charges.
Basic Features
| Investments | Open Architecture, Discretionary Manager, Investment Adviser |
| Withdrawals | Yes - minimum undefined |
| Death Benefit | Surrender Value + GBP100 |
| Surrender | Yes |
| Assignments | Yes - Full only |
| Additional Charges | Adviser Charges |
| Additonal notes | - |
| Segments | No segmentation rules applied. |
| Minimum Policy Value | undefined |
| Policy Currency | GBP |
| Adviser assigned | Ongoing adviser charges deducted quarterly |
| Charges | Will be deducted quarterly on policy anniversary based on the policy value. |