industry news
AXA Isle of Man has implemented three changes to its Estate Planning Bond. The first will be to bank any cheque when it is received, instead of waiting for the underwriting process to be complete - which can sometimes take up to three months. In this way, an investor can enjoy an extra allocation of units to the investment, equal to any interest earned. The second is to speed up the policy issue process, particularly because as a result of the underwriting, the gift value originally quoted can change. Applications forms have been amended to indicate that if the gift value alters foll...
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