RL360°’s flagship regular savings product, Quantum, has been enhanced with the introduction of a capital redemption version as a supplementary option for policyholders.
Quantum is a flexible product for those who wish to save for their future regularly with simplicity – perhaps to supplement savings outside of a pension or for a pre-retirement goal, such as paying school or university fees.
Until now, Quantum has only been available as a life assurance policy, issued on a single life or joint life last death basis. The lives assured are usually the applicants’, however they can be different if required.
Under a capital redemption policy, Quantum has no lives assured. The policy can remain in force for a total of 99 years (inclusive of the premium term) at which time the fund value plus GBP£100 (or currency equivalent) will be payable.
RL360° Marketing Director Natalie Hall said: “We made this enhancement after listening to distributor feedback. As the policy doesn’t have to come to an end on someone’s death the option adds that additional flexibility that might be useful for trustees, companies and individuals who wish to engage in longer term tax planning.”
For more on this and other Quantum enhancements, visit www.rl360adviser.com/news/product.htm.