Terminal bonus

This is a possible final bonus to reflect investment performance over the time that you have been in the fund, which we may add when you take money out of the Offshore With-Profits fund in the event of a claim. The level depends on the currency and the quarter of entry of investment. We normally review the terminal bonus twice a year, but we can change it at short notice if investment conditions change significantly.

A terminal bonus is currently paid for certain new investments made since Q3 2002. The level depends on the currency and the quarter of entry of investment.

The following rates are as at 6 November 2008.

Past performance is not indicative of future performance.

Investment Account terminal bonus rates

For investments made between July 2000 and September 2001, which have benefited from a First Year Guaranteed Growth Rate (policies with policy numbers starting 260)

(The following table applies for initial investments only. For increments and switches into Offshore With-Profits please use the rates in the other tables below)

Investment Account terminal bonus rates for investments made between July 2000 and September 2001
Year	Quarter of entry	US $	Euro €	Sterling £
2000	Q3	0%	0%	0%
	Q4	0%	0%	0%
2001	Q1	0%	0%	0%
	Q2	0%	0%	0%
	Q3	0%	0%	0%

For investments made after 1 July 2001 which do not include a First Year Guaranteed Growth Rate and for increments and switches into offshore with-profits (policies with policy numbers starting 261 and 262)

Global Investor terminal bonus rates

*CMI Insurance Company Limited guarantees that the price of units in the Offshore With-Profits Fund can never fall, although a market value adjuster (MVA) may apply when you withdraw from the funds. The level of MVA depends on the currency and date of investment. Please read the ‘Clerical Medical Offshore With-Profits and the market value adjuster explained’ leaflet (HE567) for more information.