PRUDENCE BOND (INITIAL CHARGE OPTION - VERSION 1)
On the tenth anniversary of the Bond it may be surrendered for an amount guaranteed to be not less than the original investment provided that:
- Investment in the With-Profits Fund throughout
- No withdrawals or partial surrenders have taken place
- The surrender takes place within 4 weeks following the tenth policy anniversary
The guarantee does not apply to additional investments to the Bond.
If identical separate Policies within the Bond are fully surrendered the guarantee will apply pro-rata to the remaining Policies within the Bond.