Consistently recognised as an industry-leading product, CommInsure's Investment Growth Bond has won the Plan For Life/AFA Investment Bond of the Year award 12 years running, from 2008 to 20191.
It offers clients a tax-effective investment, flexible enough to suit a wide range of financial goals, and is backed by two guarantees that set us apart from the other providers in the market.
1Benchmarked on scores for financial, market and product strength factors
CommInsure is the only investment bond provider to provide two guarantees designed to help protect clients' capital against market risk.
Designed to provide certainty as to the minimum value of your clients' holdings in an investment option. Offered on four of the nine investment options:
The Cash option offers a guarantee that the unit price will never fall irrespective of the length of time the CommInsure IGB has been held.
For Global Fixed Interest, Conservative and Diversified options, if your client withdraws or switches units after they've been held for a minimum period, the unit price used to calculate the withdrawal or switch will be at least equal to the price at the time your client was allocated those units or switched into this option.**
Provides certainty as to the minimum amount that will be paid on the death of the last surviving life insured.
To qualify for the guarantee, the youngest life insured on the policy must be aged less than 85 years at policy commencement. If the last surviving life insured dies on or prior to their 90th birthday, CommInsure will pay the greater of the following amounts:
a. The cash value of the bond,
or
b. The lesser of the Net Contribution Value and the maximum amount (the maximum amount is $1 million per life insured).
See the PDS for full details, including minimum investment periods.
Also known as an insurance bond, it combines many of the features of a managed fund and a life insurance policy, with the added benefit of the investment bond provider paying 30% tax on any earnings in the bond, rather than an individual paying tax on earnings at their marginal tax rate.
CommInsure has produced a range of Strategy Papers that illustrate how investment bonds can form part of a number of strategies for a clients’ portfolio.
These strategies range from ways to increase wealth in a tax effective manner, to estate planning tools, to giving children a financial start in life.
*Nil Commission
**Withdrawals or switches before the minimum period mentioned above will use the unit price calculated for the day on which the withdrawal or switch occurs.
Things you should know:
CommInsure Investment Growth Bond is issued by The Colonial Mutual Life Assurance Society Limited (CMLA), ABN 12 004 021 809, AFSL 235035. ‘CommInsure’ is used under licence by CMLA. Please view our Financial Services Guide and the CommInsure Investment Growth Bond PDS is available by clicking here.
Neither the AIA Group nor the Commonwealth Bank of Australia Group (excluding CMLA) nor their subsidiaries, guarantee the performance of the Investment Growth Bond or the repayment of capital or interest by CMLA. Investments in the Investment Growth Bond are not deposits or other liabilities of the AIA Group nor the Commonwealth Bank of Australia Group (excluding CMLA) nor their subsidiaries. Investment products are subject to investment risk including loss of income and principal invested as described in the PDS. CMLA as product issuer does not guarantee the performance of the Investment Growth Bond except as expressly stated in the PDS.
CMLA has entered into a Joint Cooperation Agreement with AIA Australia Limited (AIA) and Commonwealth Bank of Australia (CBA) for the joint operation of the CMLA and AIA businesses. AIA is part of the AIA Group, the largest publicly listed life insurance group in the Asia Pacific region with a presence in 18 markets. Whilst CBA will remain the ultimate shareholder of CMLA, under the terms of the Joint Cooperation Agreement AIA will have an appropriate level of direct management and oversight of the CMLA business.
CMLA’s Privacy Policy
As part of operationalising the Joint Cooperation Agreement, CMLA has adopted the AIA Australia Group Privacy Policy
This is general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider talking to a financial adviser before making any investment decision. To apply for a CommInsure Investment Growth Bond you need to complete the application process described in the PDS. The offer made in the PDS is only available to persons receiving the PDS within Australia. Applications from outside Australia will not be accepted.
Taxation considerations are general and based on present taxation laws and may be subject to change. CMLA is not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on information in the case study to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.