All-In-1 Investment Bond Unit Prices

Whilst the value of a policy is determined by the number of units and the current unit price, you should be aware that the actual value can be affected by some, or all, of the following:-

• Changing number of units (through monthly policy charges, withdrawals and / or switches).
• Early encashment charges which would reduce the value.
• The All-In-1 Investment Bond (including Guaranteed Capital Bond) uses two unit prices which we call the Underlying Price and the Averaged Price. The Underlying Price is used for the first 26 weeks following the start date of your bond (or from a switch). After this date, the Averaged Price is normally used.

See your Key Features / Policy Conditions for a full explanation.