What is Youngster Bond Extra?
Youngster Bond Extra is a regular payment, long-term plan that
you can use to build up a lump sum for your child.
You can arrange for it to pay out when your child is 18, 21 - or
any age that you want - provided the plan runs for a number of full
years - and at least 10.
Where's the plan invested?
Youngster Bond Extra invests in our With-Profits fund (called
the Tunbridge Wells Equitable Life and Endowment Fund). This fund
holds a mix of assets including company shares, government bonds,
property and cash.
A balanced investment approach...
The fund's mix of assets generally allows us to offer a less
bumpy ride than you'd get from investing only in shares, or in a
fund that's linked solely to stock market performance.
But shares do carry a risk – their value, and the income they
earn, can go up and down over time. That's why the fund also
invests in other safer types of investment to give a more balanced
approach although, as returns depend on investment performance,
there's a possibility that the child could get back less than has
been paid in.
From the start, the plan belongs to your child and it also
includes some life insurance cover on your child's life.
...and a guaranteed minimum payout
Right from the start, Youngster Bond Extra guarantees a minimum
lump sum payout at the end of the chosen period, regardless of how
well the fund has performed - provided all the monthly payments
have been made during the period. Learn more about
the payout.
How much can
I save for my child?
Information
and Application pack