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Oracle enhanced with Capital Redemption version

Our single premium baby bond, Oracle, has been enhanced for 2014 with the addition of a capital redemption variant. Yet another good reason to consider Oracle for your clients.

From 1 July 2014, you will now be able to choose a capital redemption version of Oracle for your clients. The capital redemption version has no lives assured, matures after 99 years and then pays out the surrender value plus a guaranteed GBP100 (or currency equivalent). As the bond doesn't have to end on someone’s death it can be useful in tax planning structures for heirs, corporates and executors.


Naturally the life assurance version remains available, all you have to remember is that you can't switch between the two types once a policy has been issued.


How do I quote on the new basis?

The latest version of our desk top illustration system has been updated and can be installed by simply clicking on the link below:


Oracle Illustration Download


How do I submit business on a capital redemption basis?

Just download the latest Oracle application and ensure that you tick the capital redemption box in section 5. Simple.