Flexible Investment Bond

A flexible product offering two different charging options.

The Canada Life Flexible Investment Bond is a single premium investment bond. A summary of the key features of the product is outlined below, but for further information or an application pack you should contact your financial adviser.

Investment

Minimum investment £5,000
Minimum top up investment £1,500
No maximum age at entry for the policyholder. Youngest life assured maximum 89 years attained.

Charges

Establishment fee
Investment management charge
Annual management charge

Income withdrawal

Income withdrawals: minimum £250 p.a payable monthly, quarterly, termly, half-yearly or annually
A maximum of 10% p.a. can be taken as a regular withdrawal
Withdrawals can be fund specific

Flexibility

Two options available level or deferred(see below)
Extensive range of funds available
Easy access to capital
Unlimited switches free of charge every year
Joint ownership available
Opportunity to use trusts for efficient tax or estate planning
Phased investment – a regular switching option

Level option

Annual management charge 0.35%
Loyalty bonus of 0.55 of the fund value every 5th anniversary

Deferred option

Annual management charge of 0% in the first 5 years 1% thereafter.
Loyalty bonus of 2% of the fund value on 10th anniversary and 1% every subsequent 5th anniversary

Please note that past performance is not a guide to the future. The value of units can fall as well as rise and currency fluctuations may also affect performance

Page last updated July, 2010 ID 2689