Weekly introductions of fresh policy initiatives
Insurer ERGO has launched a new offering, Kidspolicen, designed for parents and grandparents to save for their children or grandchildren's future. This retirement savings plan is available for individuals up to the age of 17.
The Kidspolicen allows for a minimum monthly contribution of 25 euros, with the possibility of additional contributions at any time. The plan offers over 60 funds for investment, and account holders can personalise their Kidspolicen by selecting up to ten funds. The division of capital investment between investment funds and classic security assets can be changed at any time, providing flexibility to adjust the investment strategy.
One of the key features of Kidspolicen is the ability to make up to 12 fund switches per year at no extra cost. This allows for regular adjustments to the investment portfolio based on market conditions and personal financial goals.
Optional features include annual rebalancing and automatic run-off management. These features aim to ensure the investment portfolio remains balanced and efficient over time.
Upon reaching the age of 18, the insured child can take over the contract. The later payout can be chosen as capital, lifetime annuity, or a mix of both, providing flexibility for the beneficiary to choose the most suitable payout option.
Capital withdrawals of 500 euros or more are possible up to twice a year, with additional payments allowed at any time. This feature allows for some flexibility in accessing the savings accumulated in the Kidspolicen account.
However, detailed information about the four variants of the ERGO Kidspolicen and their differences is not currently available in the search results.
ERGO Kidspolicen Balance is a unique retirement savings plan that offers flexibility, customisation, and a range of investment options for parents and grandparents who want to secure their children's or grandchildren's future.
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