Generic Links

 

Welcome to RL360°

Online Services Secure online services

Sign in | register

Important - financial advice

This is only a summary and general introduction to RL360° Oracle. You should speak to your financial adviser and read the RL360° Oracle literature suite before making an investment decision. We can only accept business that is introduced via a financial adviser.

RL360° Oracle FAQs

A single premium offshore investment bond that provides the opportunity to share in the exciting and potentially rewarding world of international investments.

Frequently Asked Questions About RL360° Oracle

We have pulled together this list of frequently asked questions to help answer some of your most common queries.


Applying for a RL360° Oracle Policy on a Life Assurance Basis

Q I am over 65 and want to invest into a RL360° Oracle. Your literature indicates that the maximum age of the youngest life assured is 65 when the policy is issued. Does this mean that I cannot invest into this product?

A Not necessarily. You can have up to six lives assured named on the policy. Provided that at least one of the lives assured is aged 65 or under when the policy is issued, you as policyholder can be older than 65. As an example, the lives assured you add could be children or grandchildren.


Changing the Policy

Q Can the policy basis be changed between life assurance and capital redemption after issue?

A No. The policy basis cannot be changed after issue.


Q Can the policy currency be changed once the policy has been issued?

A No. The policy currency must remain the same as the currency selected at application stage.


Q Can I add extra lives assured once the bond has been issued?

A No. You can have up to 6 lives assured but you must state these at the application stage.


Premiums

Q I want to invest into a RL360° Oracle but my funds are currently held in Singapore dollars. Will RL360° accept premiums in a different currency to the options available via RL360° Oracle?

A Yes. Subject to RL360° approval, you may pay your premiums in any freely tradeable currency. We will then use an exchange rate based on those commercially available in the market to convert the premium into your chosen policy currency.


Allocation Rates

Q I invested USD 100,000 into a RL360° Oracle investment bond and received 102% allocation. I now want to top up my bond with an additional USD 50,000. What allocation rate will my top up receive?

A The additional USD 50,000 will be applied to the bond with 103% allocation. The top up allocation rate is based on the total in-force premiums paid (USD 100,000 + USD 50,000 = USD 150,000). Please note that only the top up receives 103% allocation.


Loyalty Bonus

Q How does the loyalty bonus work?

A The loyalty bonus of 0.50% of the fund value will be applied at the sixth policy anniversary and annually thereafter whilst the policy remains active. Furthermore, each additional premium (top up) will attract its own loyalty bonus calculated in the same way as described above.


Funds

Q Can I hold assets such as stocks, shares, cash deposits and structured products within my policy?

A No. You can only access the funds available in the RL360° Oracle fund range. For further details please refer to the RL360° Savings and Investments Guide.


Q What charges are applied to the underlying funds that I can invest in?

A The fund range provides you with access to direct funds without any initial charges or bid/offer spreads. The only fund charge applied is the underlying annual management charge of the direct fund itself.


Q Who is responsible for my fund choices?

A You or the company you nominate to act on your behalf. RL360° does not provide investment advice and will not provide you with guidance as to which funds are suitable for you.


Learn more about the Key Features of RL360° Oracle.


Online Service Centre

Q Is it possible to instruct fund switches online?

A Yes. You can instruct switches online as long as you are registered for our Online Service Centre (OSC) and have the necessary dealing authority.


Important

Financial advice

This is only a summary and general introduction to RL360° Oracle. You should speak to your financial adviser and read the RL360° Oracle literature suite before making an investment decision. We can only accept business that is introduced via a financial adviser.

Contact us

Isle of Man

+44 (0) 1624 681 682 | Email

Hong Kong

+852 3929 4333 | Email

Malaysia

+60 3 2167 8900 | Email

Dubai

+971 (0) 4 378 2700 | Email

Lebanon

+961 (1) 202 183/4 | Email

Africa

+00 27 (0) 11452 7310 | Email