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Hartford locks in gains on unit-linked bonds

Hartford Life is offering inv-estors in its unit-linked investment bonds a guaranteed lock-in of gains in response to con- cerns about market volatility.

The enhancements to the gold safetynet product mean that investors can lock in up to 10 per cent of their investment gains each year on the anniversary of taking the bond out.

For example, if an investor’s 100,000 bond delivers 15 per cent growth by its first anniversary, 10 per cent of the initial value can be locked in so the bond’s value would be a guaranteed 110,000.

If the same percentage growth is recorded on the second anniversary, the minimum bond value would increase to 121,000.

This also allows the beneficiary or the trustee to inherit the bond at the higher bond value or its guaranteed value as a single lump sum.

Managing director of marketing John Enos says a distrust of with-profits and issues of poor service from life offices are providing increased sales opportunities for unit-linked products but many investors remain cautious and want a safety net.

He says: “A guarantee of capital can easily become redundant midway through an investment’s life when it looks fairly certain that your return will exceed the amount you inves-ted. With Hartford safetynet, a guarantee of investment gains in addition to principal provides investors with real value throughout the whole lifetime of the bond and in death the holder can be certain of the amount they bequeath.”


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