Be one of the first 200 clients to complete a Protection Review before 30th November and you will receive a £100 Harrods Gift Card with our compliments.
T&Cs apply. There is no requirement for you to purchase a protection policy in order to receive the reward.
When it comes to long-term wealth planning, your Protection Portfolio can be as important as your investments. Even so, wealth protection is something investors often overlook - the UK Protection Gap has been estimated at £2.4trillion1.
1Swiss Re Research, 2012 (www.swissre.com)
No one can predict the future, but having a tailored mix of insurance products in place can be vital to help you and your loved ones benefit from your hard-earned wealth, even if the worst happens.
Your protection needs can change considerably over time, with marriage, parenthood, home ownership, career changes, retirement and other life events all potentially playing their part. Investors should therefore review their protection at multiple points throughout life to help safeguard against getting caught out.
Our Insurance Specialists are here to help assess the suitability of your current protection and choose the right combination of insurance products for your needs. They work closely with your Relationship Manager to help ensure your protection portfolio is fully in tune with your overall wealth strategy.
If you or your spouse dies, Life Cover can offer the surviving partner and other loved ones the financial stability to maintain their current standard of living. When thinking about what life cover you might need, you may consider things like:
Brought to you in partnership with Old Mutual Wealth, our Life Cover pays out a sum if the assured person dies or, in some cases, is diagnosed with a terminal illness. The amount you pay is guaranteed to remain the same throughout the policy term if cover remains unchanged*. You also have a choice of terms:
* Fixed term and guaranteed whole of life only
Depending on your situation, Critical Illness Cover could be even more important than Life Cover. A 50-year-old man, for example, is four times more likely to suffer a critical illness at that age than to die1.
Critical Illness Cover gives you choices. The payment on diagnosis is tax-free and can be used in any way you wish:
Brought to you in partnership with Old Mutual Wealth, our Critical Illness Cover pays out an agreed sum if you are diagnosed with, or need treatment for, a serious illness or condition detailed in the plan's list of 65 illnesses, conditions and treatments which includes terminal illnesses and serious injuries. Up to the age of 21, your children can also benefit from cover at no extra cost.
A Guaranteed Whole of Life policy offers different benefits depending on your situation. Citi provides these products in partnership with insurance specialists Old Mutual Wealth.
Estate planning: a Guaranteed Whole of Life policy can help to mitigate the inheritance tax1 incurred by your loved ones, by allowing you to pass them a potentially tax-free lump sum separately from your estate. This can be used to pay some or all of their inheritance tax bill, allowing those parts of your legacy that mean the most, for example, your home, to be passed on intact, and more efficiently.
1Please note: Citi does not provide tax advice. We strongly recommend that you seek independent tax advice to determine whether this product fits your requirements.
A goal-based wealth advisory service with access to a wide range of onshore and offshore investment solutions to help create a wealth strategy that is tailored to your needs
Your dedicated Relationship Manager is an experienced investment advisor and works as part of a team alongside Insurance and FX specialists to help you achieve your unique wealth goals
To help inform your investment decisions, Citi Analysts bring you regular in-depth global Market Insights. You can join us for exclusive investment seminars and webinars with top Citi specialists and industry experts.
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All policies are subject to application and underwriting. Further terms and conditions apply and can be obtained in branch or through your relationship manager. Protection products are arranged by Citibank Europe plc and provided and underwritten by Old Mutual Wealth Life Assurance Limited. Registered in England and Wales, Registered Number 1363932. Old Mutual House, Portland Terrace, Southampton SO14 7EJ. Authorized by the Prudential Regulation Authority and regulated by the Financial Conduct authority and the Prudential Regulation Authority – www.fca.org.uk/register Financial Services Register Number 110462.
Investment and insurance products are not insured by any governmental agencies, are not bank deposits, and are neither obligations of, nor guaranteed by, Citigroup, or any of its affiliates, unless otherwise stated. Investment products are subject to investment risks, including possible loss of some or all of the principal amount invested. Past performance is not indicative of future results, investments can go down as well as up.