LICI UK Values:

LICI UK recognises that customer service is of paramount importance in a successful organisation.We aim to deal with our customers in an open and transparent manner making our products as easy to understand as possible.

Products

Steady Growth With Profit ISA

An ISA is a tax efficient savings plan, designed by the government that exempts any tax on the income or capital gains earned within our product.
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Capital Investment Bond

It’s a market linked investment vehicle with a nominal life insurance benefit attached to it.
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Guaranteed Lifetime Protection Plan

It’s a whole of life insurance policy which will only pay out on the death of the live(s) assured.
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Guaranteed Personal Protection Plan

It’s a term insurance policy which will only pay out on the death of the live(s) assured within the term the policy is taken out for.
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Products - Main Points


Capital Investment Bond - Main Points

  • This is a whole of life plan.
  • We buy units on the day we receive your money at the prevailing price and allocate them to your plan. The value of each unit is calculated on a daily basis. They move in line with the movement in markets and may go up or down.
  • In the event of death, if the plan is still in force, your beneficiary will get 101% of the value of the fund on the date of death.
  • You can withdraw 5% of the invested amount in each financial year tax free. You should however remember that taking out money, particularly in the early years, will adversely impact the potential of your investment to grow.
  • You can close the plan at any time but you may not get back the amount invested, particularly in early years when the investment did not have enough time to grow and early surrender penalty charges also apply.

Guaranteed Lifetime Protection Plan - Main Points

  • This is a whole of life insurance plan which lasts for your whole life and the benefit is payable only in the event of death of the life assured(s). The policy acquires no cash value other than the pay out on death of the assured.
  • The plan can be taken for family protection, other debt protection or inheritance tax planning. The Sum Assured will remain the same during the whole term of the policy.
  • Please note that you have to keep paying the premium when it is due to be eligible to receive the benefit.
  • If you stop paying premium anytime during the term of the policy the benefit will cease and nothing will be payable to you.
  • In case of a joint life first death policy, when either of the policyholders dies the policy will end.

Guaranteed Personal Protection Plan - Main Points

  • • This is a term insurance plan, in which benefit is payable only in case of death of the life assured(s) during the term of the policy. The policy acquires no cash value other than the pay out on death of the assured.
  • • The plan can be taken for family protection, mortgage protection, or other debt protection . The Sum Assured will remain the same during the whole term of the policy unless it is taken for the purpose of mortgage protection, in which case it will keep reducing in line with the mortgage debt decreasing.
  • • Please note that you have to keep paying the premium regularly to be eligible to get the benefit.
  • • If you stop paying premium anytime during the term of the policy the benefit will cease and nothing will be payable to you.
  • • In case of a joint life policy, when either of the policyholders dies the policy will end.