The Prudential International Investment Bond offers access to a wide range of unit-linked investment funds with the aim of increasing the value of the money your clients invest over the medium to long term (5-10 years).
The Prudential International Investment Bond is available as either:
- A Life Assured option - a whole of life contract written on a single, joint life first death or joint life last survivor basis , or
- A Capital Redemption option (CRO) – a non-life assured contract with a fixed term of 99 years.
Your clients need to pay a single premium of at least £20,000, €25,000 or US$35,000 when they take out their bond.
For the Life Assured option, there is no set investment term of the bond. Both versions of the bond are set up as a group of identical policies, normally 20, available up to 100. Your clients can choose to cash in each policy separately, helping them withdraw money in a tax efficient way.
For more detail on the Life Assured option, download our Key Features document
For the Capital Redemption option, the bond has a fixed term of 99 years, although it can be encashed at any time. If it is continued for the full term, it will pay a guaranteed minimum amount at maturity. This option can be particularly attractive for trusts, allowing the trustees to choose when to cash it in or instead to keep it going through successive generations.
For more details on the Capital Redemption option, download our Key Features (Capital Redemption Option)