Investment Bond With Death Guarantee Key ... - Legal & General

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Investment BOND with death guarantee – KEY FEATURES6What flexibility is there afterI invest?• You can:––keep your additional investment for as long as you like,––cash in all or part of it at any time,––switch your money between funds,––use the additional investment to provide you with an income, withthe flexibility to alter it if your needs change,––add further additional investments in the future.• You can add to your bond in the future provided our investment termsat that time allow it.• The terms that apply to each additional investment may be differenteach time you make an additional investment. We’ll give you a newPolicy Provisions with details of the terms at that time.• There’s currently a maximum of five additions over the term ofyour bond.NOTES• Some funds have higher chargesthan others, so if you switchto another fund, you may becharged more.• We currently do not make anycharge for the first 12 switchesin any 12 month period but anyadditional switches are chargedat £25 each.For more details of the flexibility of your additional investment, limitsand charges please see the Policy Provisions.What might I get back?• Your accompanying Illustration gives you a guide to what you mightget back and shows the effect of charges.• The amount you actually get back when you cash in your additionalinvestment will depend on:––the performance of the assets in the fund that you and your adviserhave selected,––how much money you’ve taken out previously,––the charges paid on your bond.See the section headed What are the charges? on page 8 for moreinformation about charges.• If you choose to take an income, the amount you receive could go upor down and will affect the amount remaining invested.NOTES• There may be an early surrendercharge. If this is applicable it’sshown in your Illustration. Seethe Early surrender chargesection on page 8 for moreinformation.• Remember that unless thegrowth of any investment meetsor exceeds the rate of inflation,its real value will reduce.
Investment BOND with death guarantee – KEY FEATURES7How can I take money out?• You have three options. You can:––cash in part of your investment,––cash in all of your investment,–take – an income in a variety of ways, which may be tax efficient.• If any individual policies are cashed in, the Guaranteed Death Benefitwill be reduced. The new Guaranteed Death Benefit will be the totalof the amounts invested into the remaining policies, that is your initialinvestment reduced proportionately in respect of any policies cashed in.For more details on how you can take money from your bond, the optionsavailable and conditions that apply, please see the Policy Provisions.What happens if I die?• It depends on whose name you set your bond up in.–If – your bond is set up in your name only, it ends.––If you set up your bond in the name of more than one person,it ends on the death of the last life assured to die.• When your bond ends we pay the greater of:––101% of the full value of your units, or––the Guaranteed Death Benefit shown in your Illustration, or if anypolicies have been cashed in, the reduced amount as described inthe How can I take money out? section above.NOTES• No early surrender chargeapplies on death.
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Investment Bond With Death Guarantee Key ... - Legal & General

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