To allow your investment the opportunity to grow over the medium to long-term.
To provide a cash sum on the death of the sole or first/last surviving life assured.
You agree to invest a single lump sum of at least GBP/USD/EUR 25,000 to start your Veritas Offshore Life Bond.
The Veritas Offshore Life Bond is designed as a medium to long-term investment and, as such, you should expect to maintain it for at least five years, ideally longer.
You are obliged to notify Veritas Life Guernsey of a change of address, residence or citizenship. If you do not, some aspects of your Veritas Offshore Life Bond may be curtailed or modified. Please see the "Risks" section below for more details.
The Veritas Offshore Life Bond may suit those wishing to benefit from the tax deferral available when using this type of product, but this will depend on your personal tax circumstances.
The Veritas Offshore Life Bond provides a simple way for your investments to be managed by the professional services of a Discretionary Investment Manager whom you may appoint to carry out all the fund selections and investment decisions at their sole discretion on your behalf.
The Veritas Offshore Life Bond provides access to a wide range of funds and/or model portfolios, and the ability to combine selected options into one plan.
The Veritas Offshore Life Bond offers the choice of UK centric model portfolios or global model portfolios.
To provide a lump sum on the death of the relevant individual specified in the Plan.
To allow you to take money out of your Plan as a one-off withdrawal, or regular withdrawal. You may choose to do this by way of segment surrender, which may be more tax efficient. This benefit is not available for Plans with Fixed Term Deposits.
A range of specimen trusts for estate planning is available at no additional charge.
The investment return may be lower than shown in the Illustration and the benefits you receive may be less than you expected.
The amount you get back from your investment will depend on the performance of the assets or funds you choose.
Your withdrawals will reduce the amount you get back from your investment which may cause you to get back less than you originally invested.
Please remember that the value of investments may go down as well as up.
If you surrender your investment, particularly during the early years, the effect of fees and charges could mean that you get back less than you invested.
Veritas Offshore Life Bond fees and charges may be higher than expected.
If you become resident or a citizen in certain jurisdictions, the tax treatment of the Veritas Offshore Life Bond may change. See the "Tax" section for more details.
If you become a resident or citizen in certain jurisdictions, some aspects of the Veritas Offshore Life Bond may have to be curtailed or modified to maintain compliance with local regulations. For example, if you become a resident of United States of America you will be required to curtail your investment in the Veritas Offshore Life Bond.
If you exercise your right to cancel, you may get back less than you paid in. Please read "Cancellation Rights" in the "Further Information" section below.
The United Kingdom tax treatment of your Veritas Offshore Life Bond may change.
All investment options available in the Veritas Offshore Life Bond are subject to market risks. Investments can go down as well as up as a result of changes in the value of the investments. There is no assurance or guarantee of capital or performance. Investors may lose money including possible loss of capital.
Please refer to the Veritas Offshore Life Bond "Terms and Conditions", as well as the fund prospectuses, for more information on risks. The instruments held in connection with managing the the Veritas Offshore Life Bond are traded on the major exchanges and you are exposed to the risks of the exchange in which they are settled.
