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

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.