KEY FEATURES OF THE PORTFOLIO BOND (IPS). - Legal & General

PORTFOLIO BOND (IPS) – KEY FEATURES12GLOSSARY.This is an explanation of some common terms used in these Key Features.Additional investment A further lump sum investment into your existing bond.Allocation rateAssetsBondThe percentage of your money that’s used to buy units.The investments that make up a fund. For example, shares or cash.Our Portfolio Bond is a lump sum life assurance contract used for investment purposes.External fund or funds A fund managed by a company other than us.External fund manager A fund manager other than us.Fund or funds(also known as‘unit-linked fund’)IllustrationIncomeLife assuredPoliciesPolicyholderTrustUnitsUnit price or pricesWorking dayA collection of assets that the bond can be invested in. These assets may be managedby us or other investment management companies. Where we refer to ‘fund’ in thisdocument it can mean fund or funds.A document that forms part of these Key Features that provides a guide to howmuch you might get back from your investment. It’s based on a number of exampleinvestment growth rates and reflects the charges you may pay over the time you’reinvested. It assumes that charges will remain at their current level and your fundselection and any income remain unaltered throughout the term of your bond.Where income is used in this document we’re referring to regular payments madefrom your bond that are used to provide you with an income.The person, or persons, on whose life your bond depends as described in theProduct Guide.A series of identical insurance contracts. Each policy has its own unique numberand can be individually recognised. As a group, the policies make up the bond.The legal owner, or owners, of your bond.A legal arrangement that allows investments or property to be held for the benefitof someone else without giving them full control of it.A unit is a share of a fund. Each fund is split into a series of units. The number of unitsyou hold is your share of the fund.A price calculated each working day that is used to value units.Any day from Monday to Friday inclusive, excluding English public holidays.