The Bermuda-based annuity and life insurance firm has recently launched the Global Advantage Plus Series, which sits alongside its flexible existing Global Advantage investment plans.
The new funds are also formed under Northstar’s Bermuda trust structures, therefore offering the same tax and protection benefits and liquidity privileges, but with new features and enhanced rates.
However, the original products have a return of principal feature, the new series do not, meaning the investors are subject to a surrender charge and market value adjustment on withdrawals in excess of the annual free amount.
Chief marketing officer of Northstar, Edward Horner, said: “We look forward to continuing to react to the evolving needs of our distribution partners and clients, and updating the features and benefits of our products accordingly.”
The launch of the Global Advantage Plus Series is the latest development from the Bermuda-headquartered company following its rebranding and re-launch of its website.
