Product Profile of the Month
November 2009
Product Provider - CMI Insurance Company Limited
Product Name - CMI Global Investor
Single or Regular Premium - Single Premium
Target Audience - High net worth individual investors, individual or corporate trustees, pension trustees or corporate investors.
Jurisdiction of Product Provider - Isle of Man
Website link - www.scottishwidows.co.uk/extranet
Product Description*:
CMI Global Investor is a single premium, whole of life unit linked life assurance policy. It is designed to help provide income, capital growth or a combination of the two over the medium to long term and gives investors maximum choice and control over their investments.
There are two types of account:
The Privilege Account
This account is available to all investors and allows investment in collective investments e.g. unit trusts, OEICs, UCITS, SICAVs and investment trusts as well as deposit accounts and structured deposits.
The Personal Account
This account allows a broad choice of investment including direct investment in equities and fixed interest holdings as well as the ability to accept structured funds such as derivative-backed Medium Term Notes. It's not available to UK residents, but is available to pension trustees and overseas residents.
Product benefits
- One product is equally suitable for all types of investor – both UK and non-UK.
- A choice of five flexible and transparent charging options with RDR friendly 'factory gate pricing'.
- True investment flexibility with a virtually unlimited range of investments and over 75 different deposit accounts at market leading rates.
- Discounted investment terms negotiated with many fund managers on both the initial fund charge and annual management charge and passed on to the client in full.
- Access to institutional fund terms and gross returns on around 250 onshore fixed interest funds.
- A choice of investment management options catering from self-advised cases to full discretionary management.
- A comprehensive range of trust propositions providing simple and flexible estate planning solutions.
Product features
Minimum investment: £100,000 (US$150,000, €150,000)
Additional investment: £5,000 (US$7,500, €7,500)
Bond denomination: £ Sterling, US Dollar, Euro. Payments in other currencies are accepted.
Age at entry: minimum 18, maximum 89. Up to eight individual applicants.
Life assured basis: single, joint life first death or joint life last survivor, up to a maximum of eight lives assured.
Death benefit: 100% of the bond value less any outstanding charges. In the case of death being caused by an accident then an enhanced death benefit of 110% of the policy value may be payable.
For more information please contact your Independent Financial Adviser or visit – www.scottishwidows.co.uk/extranet.
*As provided by Product Provider.
