Download Investment Bond Option B

Investment Bond Option B
Summary details
This product summary insert is to be read in conjunction with Investment Bond from Aviva brochure and our
Fund Guide, Your Investment Options.
Investment Bond is a unit-linked product that allows you to invest a single contribution into a range of different funds. It is
intended as a medium to long-term investment, offering the potential to benefit from growth in the stock, bond, property
markets and other asset classes and strategies.
Age at entry
Annual fund management charge*
Minimum: 19 next birthday
Maximum: 76 next birthday
Single contribution
A single contribution is paid at the outset. The minimum
single contribution is €25,000.
We make a charge to cover the cost of managing your
Investment Bond. On Investment Bond Option B, the
annual fund charge is normally 0.75% per year. However,
some funds require more management than others, so for
these funds we apply an additional charge. These funds
are detailed below, with the additional charge:
Fund
Additional
fund charge
The term of the policy is open-ended.
Irish Property Fund
0.25% p.a.
Death benefit
UK Property Fund
0.25% p.a.
Aviva Investors Multi-Strategy
(AIMS) Target Income Fund (Ireland)
0.35% p.a.
Aviva Investors Multi-Strategy
(AIMS) Target Return Fund (Ireland)
0.35% p.a.
Term
Investment Bond automatically provides life cover; in the
event of death 100.1% of the accumulated value of your
investment at the date of notification of death is payable
to your estate.
The charges applicable to your policy
How much will I be charged on my contribution?
The amount of your contribution which is invested in
your Investment Bond will depend on the allocation rate
applied. This is the percentage of your money that is
used to buy units in Investment Bond. For example, if the
allocation rate is 99%, this means that for every €100
you invest, €99 is actually used to buy units. So in effect
you pay €1 as a charge.
Contribution amount
Allocation rate
Up to €74,999
101.5%
€75,000 to €149,999
102%
€150,000 plus
102.5%
The above allocation rate amount may change depending
on the commission you have agreed with your financial
broker.
New funds with different fund management charges may
be added from time-to-time.
* This charge is based on the value of the funds your policy
is invested in. The annual fund charge is made up of:
(1) a fund management charge which is deducted daily
from the unit price of the fund(s) and
(2) a unit charge which is taken monthly by deduction
of units from the value of your fund(s). If you are
invested in more than one fund, this charge will be
taken proportionately across the range of funds in
which the policy is invested.
Where a fund invests in another fund(s), additional
charges may apply. These charges may vary depending
on the specific investments in each fund. Where these
charges are applied, they are reflected in the unit price.
As a result, the overall charge may be higher than shown
in the product documentation.
The annual fund management charge applying to your
fund(s) will be shown on your policy schedule.
Please see important warnings overleaf.
Early encashment charge
AIMS Target Income Fund (Ireland)
If the policy is cashed-in within four years of the start
date, an early encashment charge will apply. The charge
will be a percentage of the accumulated value of your
Investment Bond at the time of encashment, as outlined
in the table below. The early encashment charge does not
apply on death.
Where your fund choice includes the AIMS Target Income
Fund (Ireland), Supplementary Conditions will apply.
The Aviva Investors Multi-Strategy (AIMS) Target
Income Fund Key Features for Investment Bond
customers contains important information on this fund.
A copy of this document is available from your financial
broker or you can download a copy on www.aviva.ie.
Time since
commencement
Early encashment
charge
Less than 1 year
3%
1 to 2 years
3%
2 to 3 years
2%
3 to 4 years
1%
5 years plus
0%
Fund switching charge
There are no fund switch charges.
Government levy
Partial encashments of up to 7.5% of your single
contribution (less the government levy) can be taken
without an early encashment charge in any policy year on
the condition that no regular income has been taken, or is
scheduled to be taken, within that policy year.
In accordance with the Stamp Duties Consolidation Act
1999 (as amended) a levy is payable on life assurance
contributions (currently 1%). The balance will be invested
in your Investment Bond.
No early encashment charge applies to regular income
payments. If a partial encashment has already been taken
in a policy year, regular income cannot start until the
subsequent policy year.
When your fund choice includes the AIMS Target Income
Fund (Ireland) and the income the fund generates means
your regular withdrawal is higher than 7.5%, we will not
charge an early encashment penalty.
Retirement
Investments
Insurance
Health
Retirement
Investments
Insurance
Health
Investments
Insurance
WARNING: The value of Retirement
your investment may
go down as well
as up.
Health
WARNING: If you invest in this product you may lose some or all of the money you invest.
Retirement
Investments
Insurance
Health
WARNING: The income you
get from this product
may go down
as well as up.
Aviva Life & Pensions UK Limited, trading as Aviva Life & Pensions Ireland, is authorised by the Prudential Regulation Authority in the UK
and is regulated by the Central Bank of Ireland for conduct of business rules.
Aviva Life & Pensions UK Limited, trading as Aviva Life & Pensions Ireland, is also regulated in the UK: by the Prudential Regulation Authority for prudential rules and, to a limited
extent, by the Financial Conduct Authority for applicable UK conduct rules. Registered Branch Office in Ireland (No 906464) at One Park Place, Hatch Street, Dublin 2.
Tel (01) 898 7000 Web www.aviva.ie Registered in England (3253947) at Wellington Row, York, YO90 1WR.
1.420.07.16
WARNING: These funds may be affected by changes in currency exchange rates.