Zenith

Operation

Isle of Man

Profile

A single premium offshore life assurance policy specially designed to allow access to international equity investment opportunities.

Literature (PDF)

Features and Benefits

Product Features	Investor Benefits
Wide choice of funds	In excess of 180 funds from over 35 different fund houses
Free switching facility	Flexibility to adapt portfolio to changing opportunities at no cost, on a bid-to-bid basis, as often as you like (currently no charge is made for switching between funds, although we reserve the right to introduce a charge of up to 1% of the value of the units switched or GBP10, USD20, EUR14 or HKD150, if greater)
Up to 104% allocation for larger investments	Significantly increased investment potential for your capital
Funds selected for the portfolio purchased at the Bid Price	No Bid/Offer spread when accessing funds using Zenith
Access to capital and income by taking regular withdrawals	Opt for regular income on a monthly, quarterly, termly, half-yearly, or annual basis, of up to 10% per annum (cumulative) - no restriction on amount taken after five years, provided a minimum of USD7,500, GBP5,000, EUR7,500 or HKD60,000 remains in your Account
Investment flexibility	Make your own fund selections or appoint an investment adviser to act on your behalf
Secure base in the Isle of Man	Virtually tax free accumulation of your savings (some dividends may be received net of withholding tax, deducted at source in the country of origin, but once inside your Account they can accumulate free of tax
Friends Provident International Limited	Confidence of investing with one of the leading offshore life companies, which is also a member of one of the world's largest international insurers

Summary of Charges

Type of Charge	Amount
Administration Charge	1.2% per annum, debited directly to each fund on the valuation day
Bid/Offer Spread	Nil
External Fund Charges	Between 0.1% and 3.35%, dependent upon the fund chosen
Establishment Fee	0.4% per quarter (1.6% per annum) of the premium for the first 20 quarters
Discontinuance Charge on regular withdrawals or partial surrenders of more than 10% of initial premium	5.0% of bid value in year one, reducing by 1.0% per annum to nil after year five (applies for first five years only)
Discontinuance Charge on full surrender	5.0% of bid value in year one, reducing by 1.0% per annum to nil after year five, plus any outstanding Establishment Charges (applies for first five years only)

Regional variances to these product details apply.

If you would like further details of Zenith, please complete an Information Request Form.

Important Information

Friends Provident International Limited reserves the right to change its charges at any time at its discretion upon three months' written notice to the policyholder.

This document should be read in conjunction with the current Zenith brochure, which, together with the policy document and provisions, sets out the terms and conditions of the contract. A written statement of the terms and conditions may be obtained from Friends Provident International Limited on request.

Zenith is intended for medium to long-term investment and is not therefore designed for early surrender. A discontinuance charge will be applied on surrender during the early years of the plan.

Each Policy is governed by and shall be construed in accordance with the law of the Isle of Man.