- With 5, 7 and 10 year durations
- They include the option of an annual lock-in feature
- Structured as a Bermuda trust
Northstar Financial Services has added index-linked investment plans to its growing product range.
According to a press release, the Bermuda company believes that the Global Index Protect combines the benefits of 100% principal protection coupled with participation in the S&P 500 Index.
Clients have the choice of 5, 7 and 10 year durations and also the option of an annual lock-in feature, that ensures any annual gains in the index are captured and so the guaranteed payment at maturity is increased through the life of the contract.
The Global Index Protect is therefore designed for investors to whom preservation of capital is a priority, but who also wish to benefit from the positive performance of equity markets. As is the case with all Northstar investment solutions, clients also enjoy the benefits of a Bermuda trust structure, which include financial security and enhanced wealth transfer flexibility.
Northstar’s Global Head of Distribution, Alejandro Moreno, commented: “I am very excited at the prospect of introducing these new solutions to our distribution partners. The combination of guaranteed 100% principal protection and in some cases more than 100% of the upside potential of equity markets should prove to be an attractive proposition to our advisors and their clients and perfectly complement Northstar’s existing suite of variable and fixed-rate investment plans.”
Northstar’s Vice Chairman, Mark Rogers, commented: “The addition of Global Index Protect further demonstrates Northstar’s commitment to delivering innovative products to help serve the needs of our international clients more closely. I look forward to working with advisors on our enhanced range of solutions as we introduce Global Index Protect globally.”