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Windsor Life

Ownership status

In August 2004, Life Assurance Holding Corporation Limited, the parent company of Windsor Life Assurance Company Limited was acquired by Swiss Re, the world's largest life and health reinsurer.

Swiss Re is the world’s leading and most diversified global reinsurer. The company operates through offices in more than 25 countries. Founded in Zurich, Switzerland , in 1863,. Swiss Re is rated “AA-“ by Standard & Poor’s, “Aa2” by Moody’s and “A+” by A.M. Best.

Range of policies

Windsor life offered two main types of with-profits policy;

Conventional policies, where benefits at the start of the policy are defined in terms of a guaranteed minimum amount known as the 'Sum Assured' (or in the case of annuities, the initial annuity amount); and Unitised policies, where benefits are defined in terms of the number and value of units held by the policy within the fund.

Financial strength

Moody’s - Aa2

Standard and poor’s - AA-

A.M. Best - A+

Typical asset share

The pie chart above shows the asset mix for the with-profits fund as at 31 December 2006.

MVRs

Circumstance	Generic Product Type
Circumstance	Pension	Investment Bond	Endowment	Endowment
Assignment of a life policy.
Maturity of a life policy.
Full surrender of a life policy.
Partial surrender of a life policy.
Regular withdrawals, where initiated at outset.
Death of policyholder.
Fund switching out of Unitised-With-Profits fund into an alternative investment fund.
Pension Vesting (i.e. buying an annuity).
Deferring retirement at Normal Retirement Date.
Pension Transfer to another company.
Retirement before Normal Retirement Date.

Table above shows those circumstances in which an MVR “may” be applied to a widsor life with-profits policy

With-profits return and bonus history

	3m return	6m return	1yr return	3yr return	5yr return
Origins unitised WP life fund	1.0%	2.0%	3.8%	10.4%	15.5%
Sector average	0.5%	1.2%	3.0%	9.6%	16.3%

Source: www.trustnet.com

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