Bond Transfer


We have a client who has a 500k bond with Old Mutual that will shortly transfer to ReAssure.

The bond is held in trust for his daughters and was established in 1999.

I'm not keen for this to transfer to ReAssure, but can not think of away around this.

Have any of you got a suggestion?


  • The only option would involve surrendering it with all the consequential tax consequences this would have - depending on who surrenders - trustees of assignment and then surrender.

    All this presupposes that Trust allows the surrender of the policy and / or the ability to assign to beneficiaries is available.

    Would need to refer to the Trust Deed for these answers.

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