Shepherds to sell life funds outside US

Professional Adviser
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Traded endowment policy specialist Shepherds has today launched the first traded life fund outside o...

Traded endowment policy specialist Shepherds has today launched the first traded life fund outside of the United States. The fund, which is dollar denominated, aims to provide annual growth of 9% with a bonus of 1% extra if investors stay in the fund for more than four years, 2% for five years and 3% for six years. Shepherd's? managing director Mike Abraham said traded life policies are life insurance contracts sold by policyholders to unlock the benefits prior to their death. He said: 'US policies are purchased because its citizens are highly insured and there are a large number of po...

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