Health & Wealth Q&As

History

Q Under which brand was Health & Wealth Plan originally sold? 

A Health & Wealth Plan was originally sold by Clerical Medical Investment Group Limited - Isle of Man Regional Office. RL360 Group concluded the acquisition of these contracts in April 2017, and the policies are now administered under RL360° Services. 

Q How long was Health & Wealth Plan designed to be held? 

A Health & Wealth Plan was a regular premium, whole of life contract. The policy benefit becomes payable on the death of the single life assured or earlier surrender of the contract.

Changing the policy

Q Can the policy basis be changed after issue? 

A No. The policy basis cannot be changed after issue. 

Q Can the policy currency be changed? 

A No. The policy currency must remain the same as the currency selected at application stage.

Premiums

Q Can I pay more money into an existing plan? 

A No. Unfortunately we are unable to accept new, non-contractual, monies into the plans.

Funds

Q What funds can I choose? 

A Each contract can only invest in one underlying With-Profits Fund which depends on the contract currency e.g. Sterling contracts invest in the Sterling Passport Series With-Profits Fund. We provide a Passport Series With-Profits Fund page to keep you informed about the fund. 

Q Can I hold assets such as stocks, shares, cash deposits and structured products within my policy? 

A No. You can only access the single fund specific to the currency of your policy.

Withdrawals

Q Can I take withdrawals from my plan? 

A No. Neither regular withdrawals nor partial encashment are permitted.

Online Services

Q Can I view the performance of my plan online? 

A RL360° provides online access for its own policyholders, and we fully intend to provide RL360° Services policyholders with online access too, in due course.