With-Profits Account Introduction

With-Profits Account

The With-Profits Account was originally sold by CMI Insurance Company Limited. It was an offshore single premium, capital redemption bond with a fixed term of 99 years. The product was intended as a medium to long-term investment, ideally for 5 years or more. 


The With-Profits Account 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 and Offshore With-Profits Funds available to the With-Profits Account. 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.