Product Profile of the Month
August 2009
Product Provider - Eagle Star Life Assurance Company of Ireland Limited, which is a member of the global Zurich Financial Services Group.
Product Name - Zurich International Portfolio Bond.
Single or Regular Premium - Lump sum payments of £50,000 or more.
Target Audience - The ZIPB is primarily aimed at UK residents between the ages of 40 and 70, with a lump sum to invest for capital growth and at least a 5 to 10 year investment horizon.
It is also available to UK resident trustees, pension trustees of SIPPs and SSASs, and companies (including limited liability partnerships and partnerships).
Jurisdiction - Eagle Star Life Assurance Company of Ireland Limited is based in Dublin and is authorised and regulated by the Irish Financial Regulator. They are subject to limited regulation by the FSA for the conduct of insurance business in the UK.
Website link - www.zurichintermediary.co.uk
Product Description:*
The Zurich International Portfolio Bond is a lump sum offshore investment bond, which provides access to a wide range of assets, including insured and mutual funds (most of which offer no initial charge and fund rebates), fixed-term deposit accounts, structured products and the ability to nominate from a selection of discretionary asset managers to manage planholder’s investments.
It has a transparent factory-gate priced charging structure, which, as well as being competitive, enables flexible remuneration options to be agreed with your clients and that can be tailored to your business model in line with RDR.
In addition to being available as either a life insurance or capital redemption version, it comes with a full range of trusts and withdrawal options, as well as a unique death benefit linked to the original investment irrespective of assets held.
All this is supported by high quality service, online illustrations and valuations (end of July), a range of provider-neutral adviser tools to support the advice you give to your client’s and help reduce risk in your business.
Visit the Zurich Intermediary Group website for more information – www.zurichintermediary.co.uk.
*As provided by Product Provider.
