Guaranteed Equity Bond Introduction

Guaranteed Equity Bond

Policy Numbers start with 240

The Guaranteed Equity Bond was originally sold by CMI Insurance Company Limited. It was an offshore single premium bond offered in Pound Sterling currency. Sold as a limited issued bond, it was only available for sale for one day and policyholders could choose to invest in either the Nikkei 225 Index or FTSE 100 Index with potential for returns being based on a six year investment term. At the end of the six years, the contract returned the original investment plus a share in the rise of the relevant Nikkei 225 or FSTE 100 Index. 

Upon maturity of the six year investment, policyholders could either choose to surrender their bond or remain invested by selecting up to 10 funds from a range of our insurance funds (e.g. Bond, Equity, Currency funds and also an Offshore With-Profits fund).   

The Guaranteed Equity Bond is not open to new investors, but we continue to manage policies for existing customers.

Switching funds

There is a range of investment funds and an Offshore With-Profits Fund available to the Guaranteed Equity Bond. You can find out more information via our Fund Centre and With-Profits pages. 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. 

If you are switching out of an Offshore With-Profits Fund a market value adjuster (MVA) may apply.