The product, named Evolution, is available in both US dollar and euro versions, and has been “significantly improved” by the revamping, according to Ariel Amigo, marketing director for Cayman Islands-based Investors Trust, which specialises in catering for emerging market clients in Asia Pacific and Latin America.
Investors in the product “earn” extra savings by commiting more into their accounts each month, quarter, half or year.
For example, if a client subscribes to a $/€13,500 annual contribution, he or she will receive an extra 5% every year during the term of the commitment – which, in this example, would be $/€675.
Investors Trust is marketing the revamped Evolution globally, Amigo said, through its offices in Asia Pacific and Latin America.
The minimum annual contribution is $/€1,200, for a minimum term of 10 years.
Those who prefer to go for a shorter term, of five years, must make a minimum contribution of $/€2,400, Amigo said.
Investors Trust introduced its first regular savings plan in 2002, and it is now one of the company’s most popular products, with some 50,000 plans having been sold since then in 30 countries.
To learn more about Investors Trust and Evolution, click here.
Investor Trust’s revamped Evolution
|
Product Name
|
Type of product
|
Special features
|
Currencies
|
Minimum contribution
|
Minimum
Term; surrender fee
|
Monthly
policy fee |
Admin charge
|
|
Evolution
|
Regular savings product
|
Loyalty bonus
(7.5% of contributions years 1 – 10; 5% every yrs thru term)
|
US$, €
|
$/€1,200 annually
(5-yr plan =
$/€2,400) |
Min term
= 5 yrs;
yes
|
$/€7
|
yrs 1 thru 10 =1.9%;
Yrs 11 thru term = 0.35%
|
