Manx Wealth Management Bond
Manx Wealth Management Bond
The Manx Wealth Management 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 | Yes - regular withdrawals of capital, subject to minimum amount and minimum plan value |
| Death Benefit | Surrender Value |
| Surrender | Yes |
| Assignments | Yes - segments only |
| Additional Charges | - |
| Policy Currency | GBP |
| Adviser assigned | Self Advised |
| Segments | Yes |
| Charges | Charges will be deducted quarterly on policy anniversary based on the policy value. |