With the aim of continuously enhancing its unit-linked insurance plans, Eurolife FFH has announced the “Securing my investment with dynamic protection”, the third member of the “exasfalizo” family of unit-linked insurance plans, offered exclusively by the Eurobank branch network.
Via the “Securing my investment with dynamic protection”, the mutual fund linked to the plan is offering for the first time an investment strategy which is designed to maintain the net unit price of the mutual fund at no less than 80% of the highest recorded price as of its launch date. The new plan is designed for Personal Banking Prime and Standard customers with an average investment risk tolerance who are looking for higher returns to achieve their long-term financial goals, while limiting the potential maximum losses on their invested capital. Eurobank Asset Management SA will undertake the professional management of the mutual funds.
The new plan has two parts, the insurance part and the investment part. Of the total premium, 4% is allocated to the insurance part and 94% is allocated to the investment part of the plan, after subtracting the acquisition cost and the contribution to the Life Guarantee Fund. The plan’s investment strategy prioritises investments in a diversified UCITS portfolio with exposure in shares, fixed-interest securities and corporate bonds (“Dynamic Portfolio”), with the aim of maximising the potential return when market conditions are favourable. In contrast, when market conditions are unfavourable, the investment strategy limits the risk level, prioritising investments in cash and UCITS with exposure to money market instruments (“Protection Portfolio”). It should be noted that if the policyholder dies during the insurance period, their designated beneficiaries or legal heirs are paid the value of the life insurance fund plus the value of the investment account.Moreover, the “Securing my investment with dynamic protection” includes a lump-sum premium payment (minimum gross premium of €10,000 and maximum gross premium of €200,000) and a 10-year period, with an option to surrender the policy after the 1st month, where charges are applicable for the first 5 years.
The plan subscribers can receive immediate updates on their portfolio of insurance policies 24/7, via the EurolifeConnect e-platform, in addition to enjoying a number of important health benefits at cooperating hospitals, clinics and diagnostic centres providing prevention and healthcare services.
Eurolife FFH, with its experience and know-how in designing unit-linked insurance plans and with the most comprehensive range of options to fit different customer profiles, is always ready to support people and provide products and services that enable them to envision the future they desire.
