CMI Flexible Funding Scheme

The CMI Flexible Funding Scheme works by allowing single and/or regular premium payments over the short term, typically 3-5 years, which are then converted into regular payments over a period of 10 years that are invested into an offshore savings plan. At the end of the 10 years you choose to use the proceeds of the plan in one of the following ways:

• as a cash lump sum;
• as a regular income by surrendering individual policies under the plan; or
• you can leave the proceeds invested where they continue to grow until you need it.

If you return to the UK within the 10-year payment period, the offshore savings plan proportion of the scheme may be replaced by an equivalent plan that qualifies for special treatment under UK tax law.

Although the plan is no longer open to new investors, we continue to manage this product for our existing customers. Your CMI Flexible Funding Scheme policy number will range from N500000A to N599999Z.

If you’re looking to take out a new investment, you may wish to read about our CMI Global Investor.

Switching

If you would like to switch funds, y can select from a range of CMI Insurance Company Limited unit-linked investment funds. Please see the list of available funds below for more information.

You can switch between the available funds up to 12 times per calendar year free of charge. Any additional switches charged at 1% of the value of the units being switched, subject to a minimum charge of £10 and a maximum charge of £250.

Surrendering

You can surrender your plan at any time, although we recommend you discuss the tax implications with your financial adviser.

If you would like to surrender your plan, please select the surrender form from the servicing forms below.

List of available funds	Servicing forms