With-Profits Flashcards
1
Q
Open or Closed?
A
Closed fund
2
Q
Exit Charges?
A
No but may be MVR
3
Q
Performance?
A
Bonus’s added annually and may be Terminal Bonus
Guaranteed once added
4
Q
Preferential Annuity Rates?
A
Yes
5
Q
Sum assured
A
basic
6
Q
Unitised - open or closed
A
Open
7
Q
Unitised - Bonus’s
A
No
8
Q
Unitised - Structure
A
Trust based
9
Q
Unitised - Exit penalty’s
A
No MVR
10
Q
Unitised - Annuity
A
Appropiate
11
Q
Both - regular or lump sums
A
Yes
12
Q
Withdrawals
A
Yes
