Who Are:
Generali?
Generali Worldwide, a wholly-owned subsidiary of the Generali Group, specializes in providing life-insurance-based wealth management and employee benefit solutions on a global scale. With its headquarters in Guernsey, a leading international financial center, the company operates as a Registered Insurer under the Insurance Business (Bailiwick of Guernsey) law, 2002 (as amended). It holds authorized insurer status in key regions, including the Bahamas, British Virgin Islands, Cayman Islands, Hong Kong, Jersey, and Singapore.
Generali Worldwide offers a diverse portfolio, including individual unit-linked plans for savings, retirement, and investment. The company also provides an open-architecture portfolio bond. In the group segment, Generali offers solutions for retirement and savings, group life and disability coverage, as well as healthcare products. The company's range of products caters to both individual financial goals and the benefit needs of organizations globally.
***Some of these products may have commissions built directly into them. If you've been advised to consider a Generali investment policy reach out to us to explore if we can establish the policy at a lower cost.
Investment Bond:
Professional Portfolio Bond
The Generali Professional Portfolio Bond, a single premium, open-architecture, whole-of-life life assurance product, offers wealth management and estate planning options with a focus on tax-efficient investing. Available in multiple currencies, including USD, GBP, HKD, JPY, and EUR, this product provides flexibility and control for managing wealth in a tax-efficient environment. Whether aiming for growth, capital preservation, or regular income, the bond's versatility caters to diverse investment strategies.
Key Features:
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Wide availability in numerous countries globally.
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Investment flexibility allowing holdings in shares and various investment vehicles worldwide.
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Transfer existing investments into the portfolio and choose from a broad range of funds.
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Two investment options: Pooled Portfolio and Personal Portfolio, each offering distinct advantages.
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Pooled Portfolio allows building a portfolio from recognized unit trusts or mutual funds, with over 100 risk-rated funds available.
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Personal Portfolio extends investment choices to internationally quoted securities, internal funds, mutual funds, and more.
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Option to appoint an independent Portfolio Manager for personalized investment advice.
Considerations: When opting for the Generali Professional Portfolio Bond, careful consideration of the local taxation landscape is crucial. While the product offers exceptional investment flexibility, potential limitations in terms of flexibility, access, and associated charges should be thoroughly evaluated to align with individual financial objectives.
Minimum Investment:
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The minimum single premium for the Generali Personal Portfolio Bond is USD 75,000.
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Additional contributions exceeding USD 7,500 are accepted.
Associated Charges:
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Establishment Charge: A total of 2% per annum for one year, deducted in arrears on the first 4 charge dates following each investment amount payment, equivalent to 0.5% each time.
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Administration Charge: Levied at 0.375% on each of the first 20 charge dates, following payment of each investment amount, totaling 1.5% per annum for 5 years.
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Service Charge: GBP 500 (or currency equivalent) per annum.
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Fund Management Charges: Typically ranging between 1% to 2.5% per annum, depending on the chosen funds.
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Adviser Charge: Additional charge for portfolio management, usually between 1% and 1.5% per annum, based on the adviser's structure and services provided.
Accessing Funds:
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Full surrender incurs early discontinuance charges if less than 20 charge dates have passed since the payment.
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Partial surrenders are free from surrender charges but are subject to establishment and administration charges, based on the original investment amounts.
Considerations: When considering the Generali Personal Portfolio Bond, investors should be aware of the associated charges, including establishment, administration, service, fund management, and potential adviser charges. The surrender conditions and impact on partial withdrawals should also be evaluated in light of individual financial goals.