As an added protection, under Isle of Man Law, all premiums paid to a licensed Company, in relation to life assurance policies, must be held in a 'Long Term Business Fund', segregated from all other business transacted by the Company. The assets in this fund are solely for the benefit of the Company's life policy holders and cannot be used to meet claims from policyholders within other classes of business, or general creditors in the event of the Company's insolvency. The Isle of Man is the only offshore jurisdiction to offer such a statutory compensation program and there is also no upper limit to the amount of compensation. The IVLP is an excellent vehicle for global investing. Endless ranges of investment opportunities are available, enabling access to some of the world's finest asset managers.
Policyholders can access all major equity, bond and currency markets.
The Policy is flexible, enabling regular reviews and re-allocation of assets as market conditions fluctuate, and individual circumstances change over the course of time. Quarterly valuations are available shortly after the end of March, June, September and December. Our valuations clearly illustrate the cost and value of all investments held, along with details of all transactions made within the relevant quarter. A. IOMA is not subject to any form of taxation on Policyholder funds. Also, premium taxes are not payable in the Isle of Man.