GlobalCapital plc has announced the launch of a new life insurance product – The GlobalCapital Guaranteed Savings Bond – offering clients financial security and the guarantee of a regular income during the term of the policy. It is an interest sensitive, single premium endowment life policy insurance that offers a guarantee on the net premium if held until maturity. It is issued and underwritten by GlobalCapital Life Insurance Ltd.

Part of the GlobalCapital Life Fund, an investment portfolio managed by GlobalCapital Life Insurance Ltd, the bond offers a five-year policy term with an annual bonus of not less than 2.5 per cent, which will be declared and added to the policy account.

On the death of the life assured, or at maturity of the policy, the holder will receive a lump sum payment. Currently, any benefits paid from the GlobalCapital Guaranteed Savings Plan are exempt from tax. However, tax laws may change, and it is therefore advised that independent professional tax advice is sought on this matter.

GlobalCapital believe this innovative product is a third alternative to more risky investments and traditional variable interest bank accounts. Additional information is available from www.globalcapital.com.mt or by calling GlobalCapital on 8007 3131.