Old International Investment Bond
Old International Investment Bond
The (Old) International Investment Bond is a single-premium whole of life insurance bond.
The premium will be invested in a series of internal funds offered by the company. The minimum value in each fund must be no less than £5,000.
The bond pays a death benefit upon death of the last life assured. The death benefit payable is based on the age of the last life assured at point of death. The surrender value includes the death benefit and 100% of the realised value, less any outstanding charges.
The bond permits withdrawals, the minimum value is £1,000. The bond must retain a minimum valule of £20,000 at all times.
The bond can be assigned in full only, subject to acceptance.
Basic Features
| Investments | Collective Investments/UK Assets |
| Withdrawals | Yes - minimum GBP1,000 |
| Death Benefit | Tiered and based on death of last life assured. 18-64 - 10% 65-69 - 5% 70-75 - 2.5% 75+ - 0.5% |
| Surrender | Yes |
| Assignments | Yes - whole policy only |
| Additional Charges | N/A |
| Additional Notes | Minimum policy value GBP 20,000 |
| Charges | Charges will be deducted quarterly on policy anniversary based on the policy value. |