For its Quantum savings product, the Isle-of-Man-based life company has introduced two new premium allocation bands of 101% and 102%.
Customers paying a regular monthly premium of $850 and above will now benefit from the 101% enhanced allocation on every premium paid, while those paying $1,200 a month will benefit from 102%.
The company said it will not be applying any clawback on units received as part of the enhanced allocation, even if clients surrender early, although initial units will remain subject to previously existing surrender charges.
Director of marketing, Natalie Hall, said: “We have been able to introduce these changes and make Quantum more attractive as a direct result of adviser support for the product.
“In particular, the volume of Quantum business being written means we are now able to make the allocation rates even more competitive.”
As part of its PIMS plan, the company has introduced an eight-year establishment fee charging structure to sit alongside its existing five and 10 year variants.
It has also reduced the minimum premium for Euro investments from €80,000 ($95,300, £62,400) to €60,000.
In September, RL360° launched the Asset Protection Plan (APP), a product designed to safeguard against financial liabilities on the death of the policyholder.
