Each policy is linked to a dedicated and segregated Swiss bank account. This bank account, opened by Zenith Life in a custodian bank chosen by the Policyholder, is the account where the premium is paid by the Policyholder and where the assets are kept in custody during the lifetime of the Policy. The fact that there is a specific bank account per policy is critical for the segregation of the assets from the other clients’ assets as well as from Zenith Life’s own assets.
Zenith Life signs an asset management mandate with the chosen asset manager. This mandate specifies the investment strategy as requested by the Policyholder.
The Asset Manager is obliged to manage the investments in accordance with the received mandate.
ZENITH PLI INVEST combines traditional life insurance coverage with tailor-made asset management corresponding to the needs of the Policyholder.
As the range of investments available for this product are very wide and certain investments may be quite sophisticated, ZENITH PLI INVEST is only available to informed investors. The financial and credit risks of the investments are borne entirely by the Policyholder.
Faults are soon copied.
Horace
