Offshore Investment Bond
The Offshore Investment Bond
The Offshore Investment Bond is a single premium whole of life policy meeting the requirements of Isle of Man Law. The contract has a Policyholder and single or multiple Lives Assured. Each policy has a segregated underlying investment portfolio which may be invested in a multitude of ways.
The Bond may be owned by any legal person. This means that any individuals over the age of 18, trusts or corporate entities may apply.
In the event of the death of the Life Assured or, in the case of joint Lives Assured, the first or last of the Lives Assured to die (as specified in the Application Form) the Bond will terminate with payment of the sum assured. The amount paid is equal to 100% of the realised value of the underlying assets plus £100, less any outstanding charges.
The bond aims to:
- To provide you with the opportunity to achieve tax efficient capital growth over the medium to long-term through investment into a choice of fund options.
- To provide you with reasonable access to your investment at anytime.
Basic Features
| Investments | Collective Investments |
| Withdrawals | Yes - GBP1,000 minimum (Minimum policy value - GBP10,000) |
| Death Benefit | Surrender Value + GBP100 |
| Surrender | Yes - Part & Full |
| Assignments | Yes - individual policies only. Each policy in the product type has 100 segments which are withdrawn as a whole if surrendered. These segments do not require administration via segmentation ever. |
| Additional Charges | - |
| Policy Currency | GBP |
| Segments | Segments are applied so some policies outside of the IHT products managed by Technical Services. Detail will be in Laserfiche or in seperate network folder from IOMA. NO segementation rules applied. 10. Self Advised |
| Charges | Charges will be deducted quarterly on policy anniversary based on the policy value. |