Guernsey-based Generali Worldwide has officially been named Utmost International (Utmost International have completed 11 acquisitions over 5 years).
Utmost International is a life assurance group that provides solutions designed to preserve clients’ assets. Headquartered in London, they operate from eight offices around the world with life insurance entities based in Ireland, the Isle of Man and Guernsey. Their principal business lines are Utmost Wealth Solutions and Utmost Corporate Solutions.
The Choice is offered by Utmost Wealth Solutions. Utmost Wealth Solutions provides insurance-based solutions aimed at high-net-worth individuals who want to sustain and pass on their wealth. Wealth solutions is essentially their core business.
Utmost International's Choice is a single contribution, whole of life, investment-linked insurance scheme.
The plan is designed to pay a death benefit of 101% of the investment value of the plan following the death of the relevant life assured.
Features of the Choice include:
For details of the investment options available under Choice, please refer to the investment options guide attached in the documents section of this review.
Fees and charges:
Fees and charges (if applicable) at underlying fund level may vary and the affected planholders need to be given a written notice in case of any variation.
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Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
As a planholder, Utmost allows you to switch your investment options.
Switches out of investment options corresponding to underlying funds are processed using the next available bid price, whereas switches into investment options corresponding to underlying funds are processed using the next available offer price.
Utmost International does not currently charge a plan switch fee.
Utmost Wealth Solutions is the trading name used by Utmost Worldwide Limited and a number of Utmost companies.
They all come under Utmost Group of Companies.
Utmost reserves the right to withdraw the availability of any investment option and associated underlying fund from the investment options available.
Fund managers of underlying funds can also withdraw availability of their underlying funds at their discretion.
Utmost will then have to withdraw the availability of the corresponding investment option.
Withdrawal of an investment option and associated underlying fund can either be applicable to future unit holdings only (in which case existing sub-fund unit holdings can continue to be held) or to both future and existing holdings (in which case existing sub-fund unit holdings must be switched to another investment option).
Utmost will then give written notice to all affected planholders. As part of this notice, Utmost will outline clearly to planholders their options in terms of their existing exposure to the withdrawn investment option and future premium allocation, corresponding to the withdrawn investment option.
The options available will reflect the particular circumstances. If no switching instruction or new allocation instruction is received from the planholder before the date specified in the notice, Utmost will switch the existing investment option holdings and redirect their future premium allocations to the designated investment options stated in the notice free of charge.
The period of written notice given will be one month’s advance notice or such other period of notice in compliance with the relevant regulatory requirements.
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