Global Asset Portfolio
Global Asset Portfolio
The Global Asset Portfolio is an offshore insurance bond consisting of a series of 20 unitised whole of life single premium policies.
The product aims:
- To provide you with the opportunity to increase the value of your capital over the medium to long-term by investing in a range of tax efficient insurance funds.
- To provide you with an “income” should you choose to make regular withdrawals.
The minimum withdrawal is set at £500, USD750, EUR750
Investment Advisers are permitted.
| Investments | Collectives/UK Assets |
| Withdrawals | Yes - Regular Withdrawals - GBP500/USD750/EUR750 |
| Death Benefit | Age < 60 years = 101%, 60 years > 100.1% |
| Surrender | Yes, Part Surrenders - Minimum GBP1,000/USD1,500/EUR1,500 (Minimum policy value GBP10,000/USD15,000/EUR15,000) |
| Assignments | Yes |
| Additional Charges | - |
| Additonal notes | 12 free switches per year. Over 12 switches per year incur a 1% switching charge |
| Charges | Charges will be deducted quarterly on policy anniversary based on the policy value. |