Elite
Operation
Hong Kong / Isle of Man
Profile
Elite is an investment linked, single
premium offshore life assurance policy specially designed
to allow access to international equity investment opportunities.
Literature (PDF)
Colour: Brochure | Application
Form
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Features And Benefits
| Product Features |
Investor Benefits |
| Wide
choice of funds |
In
excess of 100 funds from over 25 different fund
houses. |
| Free switching
facility |
Flexibility to
adapt portfolio to changing opportunities at no
cost, on a bid-to-bid basis, as often as you like.
Currently no charge is made for switching between
funds, although we reserve the right to introduce
a charge of up to 1% of the value of the units
switched or GBP10, USD20, EUR14 or HKD150, if
greater. |
| Up to 101%
allocation for larger investments |
Increased investment
potential for your capital. |
| Funds selected
for the Account purchased at the Bid Price |
All funds purchased
at Bid Price - no difference between the Bid (buying)
Price and the Offer (selling) Price. |
| Access to capital
and income by taking regular withdrawals |
Opt for regular
income on a quarterly, half-yearly, or annual
basis, of up to 10% per annum (cumulative) of
your initial premium - no restriction on amount
taken after five years, provided a minimum of
GBP5,000, USD10,000, EUR 7,000 or HKD75,000 remains
in your Elite. |
| Investment
flexibility |
Make your own
fund selections or appoint an investment adviser
to act on your behalf. |
| Secure base
in the Isle of Man |
Virtually tax
free accumulation of your savings (some dividends
may be received net of withholding tax, deducted
at source in the country of origin, but once inside
your Elite they can accumulate free of tax). |
| Friends Provident
International Limited |
Confidence of
investing with one of the leading offshore life
companies, which is also a member of one of the
world's largest international insurers. |
Summary Of Charges
For details and charges of the Scheme, please refer to the relevant principal brochure.
If you would like to receive hard copies of any of
the Elite literature, please complete an Information
Request Form.
Important Information
Friends Provident International Limited reserves the right to change its charges at any time at its discretion upon three months' written notice to the policyholder.
This document should be read in conjunction with the current Elite brochure, which, together with the policy document and provisions, sets out the terms and conditions of the contract. A written statement of the terms and conditions may be obtained from Friends Provident International Limited on request.
Elite is intended for medium to long-term investment and is not therefore designed for early surrender. A discontinuance charge will be applied on surrender during the early years of Elite.
Each Policy is governed by and shall be construed in accordance with the law of the Isle of Man.
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