Sterling Investment Bond

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Does your client wish to invest in a range of funds with the potential for growth while providing an element of life cover?

  • Features and benefits

    Who is it for?

    It may be right for your client if they:

    • are looking for potentially higher investment returns than a typical bank or building society account
    • understand and accept the risks of these types of investments
    • can invest for at least five to ten years
    • are looking at inheritance tax planning.

    The Bond is intended to:

    • Increase the value of the money your client invests. However, the value of the account may go down - and your client may get back less than they invested.
    • Allow your client to withdraw their money if they choose.
    • Allow your client to choose from a wide range of funds to match their investment objectives and attitude to risk.
    • Pay a cash sum when the last life insured dies.
  • Application
    To access our online services to obtain quotes and submit applications please click the relevant link on the right of this page. You can download the application form here.

    Eligibility

    • Youngest life insured must be aged 79 or less at start.
    • Taken out in own name, jointly, or as a trustee for someone else.

    How much can your client invest?

    At a glance summary of minimum investment levels, and details of withdrawal options.

    Making investments Minimum
    Distribution 2 fund £10,000
    Single payments £5,000 
    Discretionary Discounted Gift Trust or the Discounted Gift (Bare) Trust £50,000 
    Additional payments £1,000
    Adviser Remuneration £50,000
    Taking money out
    Notes 
    Regular withdrawals  YES - can be taken from specified funds or proportionately across all funds.
    One-off withdrawals
    YES - anytime from specified funds or proportionately across funds.
    Phased investment
    Make a one-off payment - The money will be invested in a money market fund and a proportion used to buy funds over a 6 month period.
  • Account management

    Surrenders

     08085 546 546


     Sterling Assurance, Sterling Centre, PO Box 461, Cheltenham, GL52 8ZN


    Information we will need

    We must comply with Money Laundering regulations so will require proof of identity before we can act on an instruction.

    We provide:

    • A telephone based handling process (where applicable for surrenders and maturities).
    • A written process where expert administrators ensure that all requests are paid as quickly and efficiently as possible, and with the minimum of fuss.

    To make a payment we will ask for details of the policy including:

    • Full name of policy holders
    • Plan number
    • Signatures of all owners
    • Instructions of where to make the payment
    • Details of the payee

    We will only make payment to Plan Owners, Beneficiaries, Trustees, or the following third parties: Solicitors, Financial Services Companies and Independant Financial Advisers who are regulated by the FCA, Nursing Homes or fee charging schools.

    If you wish for more clarification on this, please do give us a call.

    Telephone surrender instructions

    In most cases it is possible to complete the surrender process over the telephone (not possible for cases in trust) by the customer calling us. For cases with joint ownership, we will need to speak to both owners.

    Other surrender instruction options

    We can issue a surrender form to the policy holder within five working days of notification. Alternatively, you can download the form from the previous tab, complete, and post the form.

    Evidence required

    We may need to obtain further specific documentation, to avoid potential fraud risks:

    • Identification documents for those we are making payment to and plan owners/trustees. (ID such as bank statements and utility bills (except for annual bills) need to be dated within the first 6 months and certified within the last 3 months).
    • Bank account documents for the account we are paying
    • Address Identification if there has been a recent change of address.

    Certified copies of evidence should include the following wording:

    • For non-photo bearing documents: 'I certify this is a true copy of the original document'. Documents should be dated, include the full name, and the address and occupation of the person certifying.
    • Or for photo documents: 'I certify this is a true copy of the original document and any photograph bears a good likeness of the applicant'. Documents should be dated, include the full name, and the address and occupation of the person certifying.
    • We'll only accept documents certified by a regulated Financial Adviser, a Mortgage Adviser, the customer's General Practitioner, a Solicitor, an Accountant or a Dentist.

    Settlement

    • We will check we have all the documentation and information we need to make a payment within five working days of the receipt.
    • We will make payment by electronic payment or if requested, by cheque, which can be sent to either the customer's bank or to their home address.

    Withdrawals

    08085 546 546


    Sterling Assurance, Sterling Centre, PO Box 461, Cheltenham, GL52 8ZN


    To take a withdrawal we will ask for details of the policy including:

    • Full name of policy holders
    • Plan number
    • Signatures of all owners
    • Instructions of where to make the payment
    • Details of the payee

    We will only make payment to Plan Owners, Beneficiaries, Trustees, or the following third parties: Solicitors, Financial Services Companies and Independent Financial Advisers who are regulated by the FCA, Nursing Homes or fee charging schools.

    If you wish for more clarification on this, please do give us a call.

    Evidence required

    We may need to obtain further specific documentation, to avoid potential fraud risks:

    • Identification documents for those we are making payment to and plan owners/trustees. (ID such as bank statements and utility bills (except for annual bills) need to be dated within the first 6 months and certified within the last 3 months).
    • Bank account documents for the account we are paying
    • Address Identification if there has been a recent change of address.

    Certified copies of evidence should include the following wording:

    • For non-photo bearing documents: 'I certify this is a true copy of the original document'. Documents should be dated, include the full name, and the address and occupation of the person certifying.
    • Or for photo documents: 'I certify this is a true copy of the original document and any photograph bears a good likeness of the applicant'. Documents should be dated, include the full name, and the address and occupation of the person certifying.
    • We'll only accept documents certified by a regulated Financial Adviser, a Mortgage Adviser, the customer's General Practitioner, a Solicitor, an Accountant or a Dentist.

    Setting up the regular withdrawal

    When we receive the documentation we will check that we've got all of the information that we need and will return any official documents i.e. Passport, marriage certificate, driving licence as soon as possible. Within 5 working days of the receipt of all the required evidence, we will be able to set up the regular withdrawal. Payment dates depend on the type of Plan.

    What date can the withdrawal be paid on?

    Any day of the month by BACS

  • Investment options
  • Documents

Contact us

Contact your Zurich Business Account Manager or call us on

Zurich Assurance Ltd

The Tri Centre
Newbridge Square
SN1 1HN Swindon
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