The policyholder sets and controls key investment and insurance parameters of the policy including stating the investment strategy they want to pursue, indicating their choice of investment manager and custodian, appointing the beneficiaries, and specifying the choice of life cover. The policyholder is able to change most of these parameters during the lifetime of the policy. These products are ideal for high net worth individuals to make flexible investments including shares in private unlisted companies whilst establishing off-shore third party ownership to protect against creditors or potentially aggressive actions by the State in which the client is resident or by neighbouring states.

Shares may be transferred into the Bond which are already in the client’s ownership where this does not create immediate local tax consequences.

As the bond is a life insurance policy, in the event of the death of the life assured, it will provide a death benefit chosen by the client at inception of the plan. The policy may be partially or fully surrendered at any time by the client.