MarketGuard has launched a new insurance product designed to protect the value of a policyholder's index tracker in a downturn.
The holder takes out insurance with an excess between 10% and 30% and the policy pays out if the value of their investment falls by more than this excess as a result of a fall in the FTSE. The insurance policy covers FTSE 100 or FTSE All Share tracker products whether owned outright or in a wrapper and is paid in monthly instalments over 12, 18 or 24 months. Cover starts from £29 per month for 12 months' cover based on an investment value of £10,000 and prices normally change weekly but may change more frequently in line with market conditions All claims payments are calculated and...
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