Select Account Resources

Frequently asked questions

• Can I change my policy once it’s set up?

  Our Select Account is very flexible, and you can easily change things, like your underlying investments and how much you want to withdraw.

  You can’t change the life assured, but ownership can be changed during the lifetime of the bond by deed of assignment or trust. Talk to your financial adviser who’ll be happy to help.

• How will I know how my investment is doing?

  We’ll send you a statement every six months, showing you the value of your investment.

  Further information on the performance of the funds available in our Select Account can be found in our monthly performance bulletin. 

   

• What happens if I die?

  If you’re the only life assured, we’ll pay a death benefit, which is 100.1% of the value of your investment, when you die. If there’s more than one life assured, the account can continue until the death of the last life assured, when the death benefit will be paid.

  We reserve the right to ask the claimant for grant of representation at the time of the claim, and we’ll let them know what documentation is needed. By using a trust with your account, you’ll be able to choose who’ll receive the death benefit if you die, and this also avoids the need for probate.

• Can I change my mind and cancel my account?

  Yes, you can cancel your investment up to 30 days after you receive your policy information.