The Individual Portfolio Bond
The Individual Portfolio Bond
The Individual Portfolio Bond comprises of one or more identical single premium unit-linked whole of life assurance policies.
The Policyholder(s) or the appointed Investment Manager may select assets for which are either quoted on a stock exchange, selected from a range of pooled assets specified by the company or otherwise specifically agreed from time to time as being eligible to be purchased for allocation to the bond.
Upon death of the life assured, the policy pays the surrender value of the bond, less any outstanding charges. The policy can pay out on death of the first or last life assured, as specified at inception by the policyholder.
The bond permits withdrawals of capital, subject to any minimum applied by the company.
Basic Features
| Investments | Open Architecture, Discretionary Manager |
| Withdrawals | Part surrenders only |
| Death Benefit | Variable |
| Surrender | Yes |
| Assignments | Yes - whole policy |
| Additional Charges | Dealing charge SEK350, Quarterly Death benefit charge applied |
| Additonal notes | |
| Minimum charge value | Fixed minimum admin fee applied |
| Policy Currency | SEK (Swedish Krone) |
| Adviser assigned | Self Advised |
| Charges | Will be deducted quarterly on policy anniversary based on the policy value. |