WHAT IS AN ANNUITY?
R. An annuity is a fixed investment contract, issued by Lloydshare, that provides a one-off income payment to the annuitant, at an agreed future date (a deferred annuity).
WHAT COMMISSION DO YOU TAKE ON MY INVESTMENT?
R. None. We are guaranteeing you a fixed sum return, in accordance with the terms and conditions, and any money your investment makes over and above that projected amount is our profit. That is how you can be confident that we will do all we can to ensure your investments reach at least the projected levels of growth.
IN WHAT WAY IS THIS INVESTMENT LINKED TO MY VACATION MEMBERSHIP?
R. The Lloydshare Deferred Annuity is designed to repay the whole cost of your Vacation Membership over the full term, by making use of the potential for Offshore investment growth within specific Tax Haven allowance rules. It is the long-term, fixed nature of the plan which helps to ensure the required levels of return on a comparatively small investment, just 5.75%. The plan is supported by resorts because:
•The reassurance of a final cash payout makes purchasing membership more attractive.
•It encourages members to keep their membership in good standing throughout the 25 year term.
WHAT ARE THE BENEFITS OF AN ANNUITY?
R. A Lloydshare Deferred Annuity offers total reimbursement of the value of your Vacation Ownership purchase.
In addition, there is facility in some cases to increase the projected return in order to accommodate other ongoing expenses, like airline tickets and maintenance fees. This is known as upgrading, and is usually arranged direct with Lloydshare representatives.
IS MY MONEY INSURED?
R. Yes, the money we invest is protected under the Insurance Business (Licensing) Regulations, 2002. Lloydshare Financial Experts are required to hold assets representing at least 90% of liabilities to policyholders in trust with an independent third party trustee. This is a Government backed guarantee.
WHAT FEATURES DO ANNUITIES OFFER?
Annuities have many benefits:
R. Annuities have many advantages:
•Tax Free: Lloydshare annuities enjoy tax-free growth.
•Liquidity: An annuity offers financial liquidity for you at the maturity date.
•Income: Your Lloydshare Deferred Annuity provides you with a lump sum payment upon maturity. You can set up your options to meet your own needs and lifestyle at that time.
•Probate avoidance: Assuming a proper beneficiary election, annuities are not subject to probate. Because annuities are essentially insurance contracts, your assets pass directly to your beneficiaries.
WHEN SHOULD I NOT PURCHASE AN ANNUITY?
R. Annuities are uniquely suited for saving for your future, and providing a lump sum payment at maturity. It makes no sense to purchase a Lloydshare Deferred Annuity except for the long-term.
WHAT HAPPENS ONCE I HAVE PURCHASED MY ANNUITY?
R. You will be sent a welcome package to confirm your investment, including a signed certificate and full terms and conditions. You should study the terms and conditions, and retain the certificate in a safe place. Your money will be invested and managed by our financial experts. The deferred annuity package is a long term investment, and so there will be no need for any separate action whilst it is growing. As it is continually monitored, we can provide you with a current valuation whenever you wish.
HOW OFTEN IS MY INVESTMENT REVIEWED?
R. Lloydshare investment funds as a whole are continually monitored and scrutinized in order to maintain maximum returns. As your money is deposited into a collective fund, which is split amongst a range of asset investments, your individual proportion is not monitored separately, but your entitlement to a proportion of the fund’s growth is what we have on record, and the fund itself is continually monitored.
WHO MONITORS MY INVESTMENT?
R. Lloydshare’s financial team of Offshore experts.
