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Protecting Client Portfolios

Protecting your clients' portfolios

With the addition of Zurich Investment Life Cover, we can help you quickly and easily link a valuable protection plan to your clients’ portfolios, and with Zurich Accidental Death Cover, all new platform clients will receive a year’s free accidental death benefit.

Zurich Intermediary Group Limited is authorised and regulated by the Financial Conduct Authority.

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Zurich Investment Life Cover

Is your client considering investing in the stock market but is worried about exposing what could be a substantial proportion of their assets to market volatility?

With the addition of Zurich Investment Life Cover, we can help you quickly and easily link a valuable protection plan to your clients’ portfolios.

Who is it for?

Zurich Investment Life Cover is available to clients investing via our Platform. It is a life assurance plan designed to pay a cash sum if your client dies before the end of the plan term and the value of the money and any assets paid into their Advance Portfolio has fallen.

The plan may be right for your client if they want to protect the value of the money and any assets paid into their account(s) if they die before the end of the plan term.

Features and benefits

  • Clients will be covered for five years from the start date of their Advance Portfolio.
  • The plan can cover one person or two people jointly. If the plan is in joint names, we’ll pay out when the last person dies.

It’s easy to apply for the plan as there is no underwriting and your client won’t be asked to provide any medical evidence.

Download the application form below and follow the instructions to apply for the Zurich Investment Life Cover Plan.

Zurich Investment Life Cover Plan – Application form

  • Your client must be aged between 18 and 69 when the plan starts. If the plan is in joint names, these age restrictions apply to the youngest plan holder.
  • Your client must be resident in the UK for tax purposes for the last six months. They cannot take out a plan as a US national or a US tax payer. If the plan is in joint names this applies to each plan holder.

Your client can take out a plan if they open an Advance Portfolio with Sterling ISA Managers Limited and have one or more eligible accounts within their Advance Portfolio. They must also have an Advance Cash Account. The yearly plan costs are:

  • 0.1% of the plan cover amount for clients who were under 65 when they started the plan.
  • 0.25% of the plan cover amount for clients who were over 64 but under age 70 when they started the plan.

The plan cover amount is the total amount of any eligible money and assets invested (including initial, regular, transfers and top-ups paid into the Advance Portfolio but excluding any withdrawals or adviser remuneration that has been paid) within the five-year period.

Example
If the plan cover is £50,000 during the full plan term (no more money or assets are paid in and no money or assets are taken out of your account(s)), the plan cost will be £50 each year for those aged 64 or under when the plan started, and £125 each year for those aged between 65 and 69 when the plan started. Over the term of the plan, this means the total plan cost will be as follows:

  • Total plan cost for plan holders aged 64 and under when the plan started is £250 (0.10% x £50,000 x 5 years)
  • Total plan cost for plan holders aged between 65 and 69 when the plan started is £625 (0.25% x £50,000 x 5 years)

Your client’s plan may change over time. If additional money or assets are paid into their account(s) within the plan term then your plan cover will automatically increase.

If money or assets are taken out of your account(s) within the plan term then their plan cover will automatically decrease.

Zurich Accidental Death Cover

Would your client like added peace of mind with no extra cost?

It can be difficult to get a client to consider something that they hope they will never need. Zurich Accidental Death Cover aims to highlight the importance of financial protection. It automatically provides this for new Platform clients with a year’s free accidental death benefit.

For clients – to provide a sum of money to protect their family should they die.

Features and benefits

  • Your clients will be covered for the first year against accidental death, for an amount equal to 10% of the value of their Advance Portfolio at the time of notification of death, up to a maximum sum assured of £25,000.
  • The plan can cover one person or two people jointly. If the plan is in joint names, we’ll pay out if the first person dies as the result of an accident within 1 year from the start date of your Advance Portfolio.
  • The plan has no cost.

We will automatically issue Zurich Accidental Death Cover alongside your client’s Advance Portfolio and there is no additional application or other paperwork for them to complete.

Your clients will be covered for a year against accidental death and must:

  • be resident in the UK for tax purposes for the last six months prior to the plan starting.
  • be at least 18 when the plan starts – this applies to both owners if the plan is in joint names. If the Advance Portfolio is held in joint names, this plan will pay out on the first accidental death of one of the joint owners.

Your client will not be eligible for a plan if:

  • the Advance Portfolio is held by the trustees of a trust.
  • they are a US national or a US tax payer. If the plan is in joint names this applies to each plan holder.

TAX WRAPPERS

Choose from a comprehensive range to meet your clients’ needs.
 

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PROTECTING YOUR CLIENTS’ PORTFOLIO

The addition of Accidental Death Cover, provided by Zurich Assurance Limited, could help give your clients added peace of mind.

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TRUSTS

As the UK demographic changes, a greater proportion of private wealth is held by those clients approaching or at retirement.

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PLATFORM UPDATES

From launching new products to making changes to support you through the most recent regulatory change.

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OUR PLATFORM TOOLS

Access to a range of independent tools from EValue and Financial Express.
 

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