Protected Advantage Bond

At Irish Life we understand that for the more cautious investor, who only want their initial investment to go one way, investing with capital protection is often a key priority, especially in these volatile times.

That’s why we’ve introduced the Protected Advantage Bond.

This bond offers investors a unique combination of capital protection together with no limits on the potential for higher returns.The Protected Advantage Bond allows you to gain from the potential investment returns of the Advantage Fund when markets rise while also protecting you from significant falls when markets are down.

The Protected Advantage Bond invests in:

• an Irish Government Bond to provide the capital protection; and
• the Advantage Fund – which consists of a mix shares and Fixed Interest Bonds to provide the potential growth.

You can also access your funds any time subject to encashment penalties. You capital protected amount will be adjusted for any withdrawals you have taken.

3 Great reasons to invest in Protected Advantage Bond:

1 Built in security features

At the end of the six year and one month period you will get back (before tax) the higher of:

• The amount you invested; or
• unique lock-in feature where 80% of the highest value of your Protected Advantage Bond on the lock-in dates is protected throughout your investment term (the lock-in dates occur on the last day of every quarter throughout your investment term (adjusted for any withdrawals you have taken).  For example, your first lock in day is the next working day three months after the investment start date; or
• The cash-in value of your investment at that stage.

Your capital protection will be reduced if you take any withdrawals from your investment.

2 Great exposure to the Advantage Fund

The better the performance of the Advantage Fund, the more of your investment that will be linked to that performance. Similarly if the Advantage Fund is not performing well, less of your money will be linked to the Advantage Fund and more will be linked to Fixed-Interest Bonds. In this way, you have the peace of mind of knowing that your investment is always working for you.

3 High potential returns

You have access to higher potential returns that the Advantage Fund may bring whilst still have security of your capital being protected at the end of the six year investment term.

For more details please see our Protected Advantage Bond booklet