The Conrad SF Life Assurance Policy
The Conrad SF Life Assurance Policy
The Conrad Bond is a single-premium whole of life bond. The Bond will be divided into a series of identical individual policies of the same amount, with a minimum bond value of SEK500,000. The Bond is denominated in Swedish Krone. The bond is issued with 2 or more lives assured and pays out on death of the last life assured.
The premium will be invested in the permitted investments selected by the policyholder, the appointed adviser or by the appointed Investment Manager. The value of the investments will dictate the value of the Bond. The permitted investments include:
- Isle of Man Assurance Limited range of Investment Funds
- Authorised Unit Trusts
- Stocks quoted on any recognised stockmarket
- Deposits in any approved currency
- Fixed Interest securities
- Other unit trusts, mutual funds and related approved investments
The policy was sold to Swedish nationals.
Basic Features
| Investments | Open Architecture, Discretionary Manager, Investment Adviser |
| Withdrawals | Regular withdrawals permitted on some policies. Part Surrender minimum SEK500,000 |
| Death Benefit | 105% - Variable at policy level |
| Surrender | Yes |
| Assignments | Yes |
| Additional Charges | N/A |
| Additonal notes | N/A |
| Minimum charge value | Minimum charge values applied - variable at policy level |
| Policy Currency | SEK (Swedish Krone) |
| Adviser assigned | Ongoing adviser charges deducted quarterly |
| Charges | Will be deducted quarterly on policy anniversary based on the policy value. |