Flexible Funding Scheme Introduction

Flexible Funding Scheme

Policy Numbers N500000A to N599999Z

The Flexible Funding Scheme was originally sold by CMI Insurance Company Limited. It allowed single and/or regular premium contributions to made over a short term (typically 3-5years), which were then converted into regular premium payments over a period of 10 years. At the end of 10 years you can choose to use the proceeds in one of the following ways: 


  • take a cash lump sum by surrendering the policy in full
  • take regular withdrawals by surrendering individual policies within the scheme
  • leave the policy invested until you need it


The Flexible Funding Scheme is no longer open to new investors, but we continue to manage policies for existing customers.


Switching funds

There is a range of investment funds available to the Flexible Funding Scheme. You can find out more information via our Fund Centre page. The Fund Centre is where you can find performance information and factsheets. 


You can switch between the available funds up to 12 times per calendar year, free of charge. Any additional switches are charged at 1% of the value of the units being switched, subject to a minimum charge of £10 and a maximum charge of £250.