With-Profits Plan
- Investment Strategy: Invests in the With Profits Fund, offering smoothed and steady returns.
- Risk Level: Generally lower risk due to smoothing of returns and Capital Guarantee.
- Flexibility: Allows for regular (monthly, quarterly, half-yearly or yearly) and lump sum contributions (one-off top-ups).
- Death Benefit before Retirement: 101% of the plan value.
Unit-Linked Plan
- Investment Strategy: Offers a range of unit-linked investment options.
- Risk Level: Varies based on chosen investments, potentially higher risk.
- Flexibility: Wide choice of investment options and flexibility in changing investments.
- Death Benefit before Retirement: Higher of policy account value plus €2,000 or 101% of the account value.
Conclusion
Both With-Profits and Unit-Linked plans offer unique benefits and cater to different investment preferences. The choice between them should be based on individual risk tolerance, investment goals, and retirement planning needs.
This article is intended to provide high-level information about the products mentioned for educational purposes and should not be interpreted as advice. Please read the Key Features Document and Policy Document of each plan to understand the benefits further.