Product Profile of the Month
October 2009
Product Provider - Generali PanEurope Limited
Product Name - Professional Portfolio
Single or Regular Premium - Single Premium
Target Audience - Trustees and Individual Investors
Jurisdiction of Product Provider - Ireland
Website link - www.gpe-investmentplanning.ie
Product Description:*
Professional Portfolio is a single premium whole of life assurance policy, where benefits are linked to a portfolio of assets. It may comprise of newly purchased investments or the transfer of already existing assets. Further contributions can be made at any time to purchase new investments or top up existing ones.
Professional Portfolio offers two types of investment options
Personal: The Policy may, subject to prior agreement, be invested in various financial assets.
Pooled: The second option limits the choice to collective investment schemes e.g., internal funds, mutual funds, open-ended investment company shares and cash.
Product Benefits
- Investment freedom and flexibility
- Ready access to your capital
- Personalised portfolio management
- Efficient administration
- Security of assets
- Tax efficiency
- Facility to take a regular income
- Regular valuations
Main Features
Minimum Initial Investment Amount: €80,000
Minimum Additional Investment Amounts: €8,000
All Policies will be denominated in euro.
Investment Amounts are accepted in the following currencies: euro, sterling, US dollar, Hong Kong dollar, Japanese yen and Swedish krona.
| Minimum Age at Entry: | 18 for a Life Assured or Policyholder (if an individual) |
| Maximum Age at Entry: | Single Life Assured: 70 |
| Joint Life, First Death: Neither Life Assured can exceed 70 years of age | |
| Multiple Life, Last Survivor: At least one of the Lives Assured must not exceed 70 years of age | |
| Term of Insurance: | Whole of Life |
| Benefit Payable at Death: | 101% of the Surrender Value |
This description provides a high level summary of the product only and should be read in conjunction with the Policy Terms and Conditions.
For further information please contact your Independent Financial Adviser. Alternatively, visit Generali International Limited’s website – www.gpe-investmentplanning.ie
*as provided by product provider
