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The benefits of life insurance policies have only
recently become available to investors. The market for TLP’s arose
in the USA from a need to provide financial options that would help the
terminally ill.
A policy is sold on the market for a discounted cash
percentage of its final value. The investor thus owns the right to receive
a fixed sum on the death of the assured. It is this discount that provides
the investor with a fixed return.A TLP is an attractive investment that offers a guaranteed
payment that is free from equity market volatility and interest rate fluctuations.
In uncertain economic conditions that policies offer a safe haven from
the threat of economic slow down or recession. Many financial professionals
regard TLP’s as an attractive alternative to CDs, Annuities, Bonds,
Mutual Funds and Stocks.THE FUND: The aim of the fund is to maximize the TLP
fixed return, to produce growth well in excess of interest and bond rates
over a set period. The optimum policies sought will be those with 36 months
life expectancy, as statistics show this term to be the most predictable.
Policies with a shorter or longer prognosis may also be selected.The Fund is intended to provide capital growth but
not dividend income. Unlike equities, gilts, cash and with-profit funds,
the underlying investments provide a fixed return which is set automatically
at the time of purchase. However, fluctuations in fund returns will vary
with policy maturity dates. The nature of the investment means that some of the
underlying investment will mature early, some late and some on time. Whatever
the degree of variability, the underlying capital and fixed return remain
secure.
The return that the Fund actually receives on a particular
settlement will depend upon the price paid for the insurance policy as
a discount of its face value. Although market conditions and returns may
vary, the Funds expectations at inception for its fixed return holdings
would range from 12% to 72% depending on the indicative maturity date.
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