NORDICA LIFE

SECURE YOUR FUTURE

The flexible product with individual investment

Our Global Exclusive Bond and Global Exclusive Plan aim to provide a flexible method of investing the policyholder’s money with the potential for growth over the medium to long-term.

Both financial solutions are fully open-architecture and policyholders are able to access any investment acceptable to us, including Stocks, Bonds, ETFs, Mutual Funds, Structured notes and Private Equities.

Global Exclusive Bond

Global Exclusive Bond is a single premium portfolio contract that provides policyholders around the world with the flexibility to adapt to their investment requirements.

The Global Exclusive Bond is a whole of life insurance and has no fixed term which also makes it ideal for inheritance planning.

It can be written as a single life assurance or a joint life assurance with two lives assured. On the death of the life assured (or the death of the last surviving of the lives assured for a joint life assurance), the contract ends and the assurance cover is payable.

Global Exclusive Plan

Global Exclusive Plan is a regular premium portfolio contract designed for medium to long-term savings and retirement planning.

The Global Exclusive Plan is a term life insurance and the policy value will be payable on expiry of the term, unless it is fully surrendered prior to that date or on the earlier death of the life assured. The term must be at least 5 years.

It can be written as a single life assurance or a joint life assurance with two lives assured. On the death of the life assured (or the death of the last surviving of the lives assured for a joint life assurance) before the agreed maturity date, the contract ends and the assurance cover is payable.

INVESTMENT

Nordica Life works with a wide range of custody banks making it easy to combine the expertise of investment managers to help you reach a performance that matches your objectives.

It is possible to choose a third party financial advisor depending on your choice of custody bank.

MINIMUM AMOUNT REQUIRED

Some custody banks require a minimum investment amount in order to open a custody account. More information upon request.

CURRENCY

The contract is available in most major currencies.

ACCEPTABLE ASSETS

You have the option to invest by transferring existing listed investment holdings into the portfolio, invest with cash or build your portfolio using a combination of both. Regular premium payments are accepted only in cash.

STANDARD ASSURANCE COVER

The standard assurance cover equals 1% of the policy value at any time. This amount is paid as a supplement to the investment holdings. An optional cover is available.

REGULAR PREMIUM AND TOP-UPs

Supplementary single premiums or changes to the regular premium can be made at any time subject to prior approval from Nordica Life.

IMPORTANT NOTES

The policy is valued on the basis of the performance of the investments that are chosen by the policyholder.

Listed securities are based on market values, movements of which may give rise to losses, especially in the short term. It should also be noted that the effect of fluctuations in currency exchange rates may be positive or negative.

Furthermore, it cannot be guaranteed that all investment sales and purchases can be effected immediately upon receipt of instruction.

Investment in Nordic Fund

Our Global Bond and Global Plan are designed for policyholders who wish to plan for a happy and comfortable retirement, or to provide for their children, without the need or interest in individual investment. Nordic Fund is currently a mix of:

  • Danske Invest – Multi Asset Inflation Strategy
  • Nordea – Swedish Bond Fund
  • Morgan Stanley – Global Brands Fund

Global Bond

Global Bond is a single premium contract. It is a whole of life insurance and has no fixed term which also makes it ideal for inheritance planning.

The Global Bond can be written as a single life assurance or a joint life assurance with two lives assured. On the death of the life assured (or the death of the last surviving of the lives assured for a joint life assurance), the contract ends and the assurance cover is payable.

Global Plan

Global Plan is a regular premium contract. It is a term life insurance and the policy value will be payable on expiry of the term, unless it is fully surrendered prior to that date or on the earlier death of the life assured.

The Global Plan can be written as a single life assurance or a joint life assurance with two lives assured. On the death of the life assured (or the death of the last surviving of the lives assured for a joint life assurance) before the agreed maturity date, the contract ends and the assurance cover is payable.

INVESTMENT

Premium payments are invested in Nordic Fund.

MINIMUM AMOUNT REQUIRED

Minimum single premium 100,000 SEK

Minimum regular premium 10,000 SEK per month or 100,000 SEK with annual payment frequency.

CURRENCY

The contract is available only in Swedish Krona.

ACCEPTABLE ASSETS

Premium payments are accepted only in cash.

STANDARD ASSURANCE COVER

The standard assurance cover equals 1% of the policy value at any time. This amount is paid as a supplement to the policy value. An optional cover is available.

REGULAR PREMIUM AND TOP-UPs

Supplementary single premiums or changes to the regular premium can be made at any time subject to prior approval from Nordica Life.

IMPORTANT NOTES

The policy is valued on the basis of the performance of Nordic Fund.

It is based on market values, movements of which may give rise to losses, especially in the short term. It should also be noted that the effect of fluctuations in currency exchange rates may be positive or negative.

Bermuda Law

All insurance contracts are governed by Bermuda Law, and all disputes arising from an insurance contract or relating to its interpretation shall be settled by the courts of Bermuda.

We are not liable for

  1. Any country’s current or future tax or other legislation which may affect the contract including any benefit that may be payable under it. Applicants should seek independent advice on the applicable legislation in their country of residence;
  2. Any supplementary information concerning our products provided by any third party;
  3. The suitability of the applicant’s choice of product, since we do not provide investment advice nor tax advice;
  4. Any losses that occurs directly or indirectly from investments under the policy.

Disclaimer

The information provided on this website is not intended to be distributed or used by any person in any jurisdiction or country where such distribution or use would conflict with law or regulation, services or affiliates with respect to any authorization, registration, licensing or notification in limits of any jurisdiction. The website was created for informational purposes.