Insurance Wrappers;
Single Premium Annuity;
Private Placement Linked Insurance;
Non-Participating Life Policy;
Limited premium whole life assurance policy with non-participating discretionary dividends; and
Critical Illness Policies.
An “Insurance Wrapper” refers to a long-term insurance policy ‘wrapped’ around the policy owner’s investment portfolio that is owned and controlled by the insurance company until maturity. The use of Insurance Wrappers moves ownership of the underlying assets out of the hands of the policyholder.
The insurance policy premiums may be paid either in cash and/or financial instrument; or by transfer of the shares in an SPV where no minimum value is applicable. The premiums can be single and/or ad hoc premiums. Within these boundaries, the policyholder can determine the preferred premium pattern and the amount paid as premium.
The Company will be taking ownership of the assets and will typically earn a set-up fee for the creation of the policy and the management of the assets guaranteed under the policy.
A SPA is an annuity funded by a single payment. The payment might be invested for growth for a long period of time. SPA’s are best suited for people planning their retirement who are worried that they may run out of retirement savings, and who have enough cash on hand to fund the up-front premium payment. The Company will re-ensure the premiums collected with a re-insurer. The company will typically earn a set-up fee at the creation of the policy.
Private Placement Life Insurance (PPLI) is a specialized insurance product designed for affluent individuals seeking to enhance their financial planning. Unlike regular life insurance policies, PPLI enables policyholders to invest in a broader range of asset classes. Solid Oak assumes ownership of these assets and designates an external manager (chosen by the policyholder) to oversee them. Solid Oak provides investment-linked insurance policies to both individuals and entities, offering numerous advantages. This includes increased flexibility, granting policyholders more freedom in their investment choices. They can select the custodian bank, asset manager, and investment strategy that best aligns with their needs. Additionally, our investment-linked insurance policies provide asset protection from creditors and facilitate efficient tax planning. With a high degree of investment flexibility for both bankable and non-bankable asset classes, our offerings cater to diverse financial preferences. In terms of estate planning, our policies allow policyholders the freedom to choose their beneficiaries.
Non-participating policies do not pay out dividends or bonuses to the insured. Policyholders do not receive any of the insurer’s profits and has no non-guaranteed pay-outs. All payments that are guaranteed will be in accordance with the terms laid out in the policy and can therefore not be changed or tweaked during the term of the policy. The premium received from the policyholder will mature over time and earns a benefit. This benefit is paid out to the policyholder as a death benefit or as part of the matured amount. The Company will typically earn a set-up fee at the creation of the policy.
This Policy provides the beneficiary with critical illness protection. If the person covered by this Policy suffers a critical illness, we will pay, a critical illness insurance benefit, subject to the terms of this Policy. The Company will typically earn a set-up fee at the creation of the policy.
E-mail: halstein@qodeinteractive.com
Phone: +99 4 11 72 1270
