Shepherds adds to Traded Life Policy fund

Shepherds has launched sterling and euro share classes on its Traded Life Policy fund Previously av...

Shepherds has launched sterling and euro share classes on its Traded Life Policy fund Previously available only as a dollar-denominated product, the portfolio buys traded life policies at a discount from people wanting to unlock benefits prior to their death. Sellers are typically policyholders diagnosed with terminal illnesses and the discount on the policy depends on their life expectancy. Because these types of life policies are not linked to any form of investment performance, a set payout is guaranteed on the death of the life assured, whoever owns the contract at that point, unlike ...