FIP Fixed Income Portfolio - fixed and variable rates

Fixed Income Portfolio

This product is an excellent complement to your diversified mutual fund portfolio.
It provides high current fixed income returns with fixed and variable rate options.



Benefits

  • 100% Principal Protected1
  • Low risk investment
  • Steady Income
  • Low minimums
  • Low surrender charges
  • Tax exempt structure2

Best suited for

  • Short to medium term investors
  • Alternative to low bank time deposits rates
  • Low risk investment allocations in your portfolio

Fixed Income Portfolio

Key Features
  • Flexibility to invest regularly or in lump sum
  • Currency: USD ($)
  • Investment Terms: 3 and 5 years lump sums or 15 years regular contribution
15 Year Variable Rate Regular Contribution Plan
Topic Detail
Currency USD $
Minimum Contribution USD 2,400 per annum
Minimum Increase USD 2,400 per annum (As Rider)
Interest Rate3 12-Month US LIBOR + 1.50% per annum, adjusting annually
Minimum rate 3.5%
Maximum rate 6%
Modal Premium Annually, Semi-annually, Quarterly, and Monthly4
Investment Term 15 years
Principal Protection 100%5
Annual Administration Charge 1.125% years 1 - 15
Bid/Offer Spread NIL
Policy Fee No Policy Fee during the first year, USD 7.00 Monthly afterwards
Loyalty Bonus6 7.5% of contributions years 1 - 10
5% of contributions years 11 - 15
Surrender Charge Equal to the sum of the annual administration charges due for the remaining contract years at the time of surrender.
Free Partial Withdrawals Free Interest withdrawals allowed after the completion of second year. Capital withdrawals allowed after second year, subject to surrender charges and maintaining USD 2,400 surrender value. Minimum surrender is USD 600. Capital withdrawals trigger automatic decrease in interest rate to 3.5% per annum.
Issue Age 18 - 70 years
Guaranteed Death Benefit7 In the event of a relevant death, the standard amount payable will be 101% of the Account Value.

3. Interest rate drops to minimum rate of 3.5% if plan is not current or capital withdrawals are made.
4. Monthly payments are only available with Credit Cards and Direct Debit.
5. 100% Principal Protected, subject to surrender charges.
6. All premium payments due must have been received within the grace period, with no contributions decreases or partial withdrawals, for the Loyalty Bonus to take effect.
7. The Guaranteed Death Benefit shall not be payable if the Insured dies within the first 2 years of the Policy Issued Date from an illness or physical condition that pre-existed the Issue Date or if the Insured commits suicide. If all required contributions are not paid within the grace period, this benefit shall terminate and will not be reinstated.

3 Year Fixed Rate Lump Sum Plan
Topic Detail
Currency USD $
Minimum Contribution USD 10,000
Minimum Increase USD 10,000 (As Rider)
Interest Rate Competitive interest rate of 1.5%
Investment Term 3 years
Principal Protection 100%5
Administration Charge NIL
Policy Fee USD 7.00 Monthly
Liquidity Percentage of initial investment, subject to surrender charges:
End of year 1 - 35%
End of year 2 - 70%
End of year 3 - 100%
Surrender Charge End of year 1 - 3%
End of year 2 - 2%
End of year 3 - 0%
Issue Age 18 - 85 years
Guaranteed Death Benefit In the event of a relevant death, the standard amount payable will be 101% of the Surrender Value.

5. 100% Principal Protected, subject to surrender charges.

5 Year Fixed Rate Lump Sum Plan
Topic Detail
Currency USD $
Minimum Contribution USD 10,000
Minimum Increase USD 10,000 (As Rider)
Interest Rate Competitive interest rate of 2.5%
Investment Term 5 years
Principal Protection 100%5
Administration Charge NIL
Policy Fee USD 7.00 Monthly
Liquidity Percentage of initial investment, subject to surrender charges:
End of year 1 - 20%
End of year 2 - 40%
End of year 3 - 60%
End of year 4 - 80%
End of year 5 - 100%
Surrender Charge End of year 1 - 4%
End of year 2 - 3%
End of year 3 - 2%
End of year 4 - 1%
End of year 5 - 0%
Issue Age 18 - 85 years
Guaranteed Death Benefit In the event of a relevant death, the standard amount payable will be 101% of the Surrender Value.

5. 100% Principal Protected, subject to surrender charges.

1. Subject to surrender charges.
2. Please see Trust and Policy for further details.