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

Investment BOND with death guarantee – KEY FEATURES8What are the charges?• Charges are made to cover the various costs involved in setting upand managing your additional investment such as:––the day to day management of your chosen fund,–administration,–––the costs of buying and selling assets,––payment to your adviser.Annual management charge• The annual management charge is taken into account whencalculating the unit price of each fund so you’ll not see a specificdeduction from your additional investment for this charge.• Additional expenses are incurred when managing a fund. Theadditional expenses are taken into account in your Illustration.INITIAL CHARGE• There’s an initial charge if the allocation rate shown on the first pageof your Illustration is less than 100%.ESTABLISHMENT CHARGE• This is 0.5% of your additional investment’s value each year for thefirst five years.EARLY SURRENDER CHARGE• Your Illustration shows the amount, the length of time it will apply forand effect of this charge, in the What will the charges be? section. It’sreferred to as a ‘Reduction in cash value’.• This charge doesn’t apply to any regular amounts you take from youradditional investment to provide you with an income.NOTES• Annual management chargesand additional expenses arereviewed regularly and canchange at any time.• We’ll tell you what the currentannual management charge isfor the fund you’re invested in atleast once a year.For more details about any of the above charges and how theymay apply to your additional investment please see your Illustrationand the Policy Provisions.