Foresters announces Joint Life revision to Investment Bond

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Foresters Friendly Society's investment Bond can now be written on a joint life, second death basis, it said better suits the requirements of both adviser clients and consumers transacting directly with the company.

Following feedback from advisers, the Investment Bond, which aims to achieve long-term capital growth on investments of between £1,000 - £150,000, provides a death benefit of at least 101% of the amount invested, less any withdrawals and aims to pay annual bonuses on the amount invested together with a potential final bonus when it is cashed in.

Partial withdrawals of at least £250 can be made at any time, and regular monthly, quarterly, half yearly or annual withdrawals can also be made providing the value of the Investment Bond remains over £5,000.

Neil Armitage, Marketing Director at Foresters Friendly Society said, "We believe it's important for individuals to rediscover the importance of long-term savings and hope the Investment Bond being available on a joint life, second death basis will reach a wider audience."

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