The recent extreme and unprecedented levels of stockmarket volatility have resulted in a significant increase in the cost of protection. Due to this, bond holders cannot increase their bond's protected amount - this means that existing policies cannot currently lock in any gains. The cost of protection is monitored on a regular basis and we will seek to allow gains to be locked in once the cost of protection has returned to more normal levels. It is impossible to say when that will be at the moment.

Lock in the profits

Enjoying the life of Riley means your clients can lock in any gains earned. At any time, they can find out the value of their investment and choose to increase the amount protected to lock in any growth the bond has made without having to cash in the investment.

This is an exceptional benefit because it means that your clients can lock in their investment's value at any given time by turning actual growth into realised growth. Or, easier still, they can opt to sit back and let us do the work for them. All they need do is set a 'profit review level' and we will let them know if the cash-in value of their bond reaches it.

Any increase will result in a new split between the amount invested in the Stockmarket and Insurance Funds and will depend on the costs of insurance on that day, which may be greater than when they originally invested. Please note that there is a charge for any changes they make.

Riley is a life insurance bond for a minimum investment of £10,000. Your clients may not get back the full amount of their investment.