The CitadelLife Investment Bond is a single premium interest sensitive life insurance product, which offers YOU…
A very straightforward and simple form of investing a sum of money. As a cautious investment in the “with-profits” fund of Citadel Insurance p.l.c., the CitadelLife Investment Bond offers a potentially higher return than bank deposits and bond investments. Under current tax legislation the CitadelLife Investment Bond is a tax efficient investment.
The “with profits” fund of Citadel Insurance p.l.c. has a successful track record and generated an average annual return of 5.5% over the last 10 years. The CitadelLife Investment Bond provides a lowrisk investment over a flexible investment period of your choice (minimum 5 years). The “with-profits” fund of Citadel Insurance p.l.c. can invest in a wide selection of equities (local and international), bonds and property.
In addition to annual declared bonuses, which may be automatically re-invested (at no charge) into your policy, a loyalty bonus may be payable on maturity of the policy. This bonus is subject to an annual declaration by the Company and is payable over and above the annual bonus rate.
The CitadelLife Investment Bond also provides a dual benefit of an investment with life cover.
Initial minimum investment
€5,823.43
Life insurance cover
101% of policy account (with no medical examinations)
Minimum policy period
5 years
Additional investments
Optional “top-ups” to your policy may be effected at any time during the term of the policy, at a minimum of €465.86 each “top-up”. Initial charges apply
Bonuses
Annual declared bonuses are automatically re-invested (at no charge) into your policy
Loyalty bonus
Additionally, a loyalty bonus may be payable on maturity if the plan is kept for more than 5 years
Withdrawal of bonuses
The CitadelLife Investment Bond also offers the option to withdraw the declared annual bonus at no charge
Charges (at inception only)
Policy fee €46.59 Allocation fee of 3% on single premium
Management fees
No annual management charges
Policy surrender charges
The CitadelLife Investment Bond is designed as a long-term investment vehicle with life insurance cover. No surrender charges are applicable after the 4th year of the policy (please refer to your Illustration).
Other benefits
This product entitles you to a 10% discount on any other new Motor, Home, Boat and Yacht insurance policies purchased rom Citadel.
