Kaupthing Life & Pension offers endowment insurance with savings in internal investment funds.
You may choose one or more of the following investment funds or you may authorize Kaupthing Life & Pension to distribute your pension savings between the available internal investment funds. All internal investment funds are quoted in DKK:
With respect to the investment policy great importance is placed on security. Kaupthing Bank performs the professional portfolio management, which has historically achieved very good investment yields.
The yields produced by the internal investment funds are added to the policyholder’s own savings funds.
Your personal fund
You will get your own savings fund, and after the end of each calendar year you will receive a statement of your fund showing the development of the savings and your investment.
At the agreed maturity time, the value of the fund will be paid out to a designated bank account of your choice.
Life insurance in the event of death
In the event of the insured person’s death the accumulated fund will be paid out, which would be at least as much as the accumulated contributions paid, even if the savings fund had produced a negative yield.
You are Free to Cash in your Savings
Considerable flexibility is attached to the possibility of surrendering your investment. You may surrender your savings wholly or partly after the policy has been in existence for at least 12 months. One surrender a year can be made without any commission. For additional surrenders within the same calendar year, a commission of DKK 1,500 (in 2006) is charged per surrender.
The internal investment funds and insurance conditions are approved by and are under the supervision of the Commissariat aux Assurances in Luxembourg. The products are subject to Luxembourg jurisdiction, which is regulated to provide the best financial security and consumer protection possible.