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Provides a high level of life cover without compromising on investment opportunities

International Fund and Product Awards 2018 winner

Winner of Best International Protection Plan at the International Investment - International Fund and Product Awards 2018

The Silk Life Plan from Old Mutual International Isle of Man Limited, provides a high level of life cover, ensuring cash can be readily made available to beneficiaries without compromising on opportunities for investment growth. It also provides the flexibility to meet your clients evolving wealth management needs.

See the potential benefits below:


    The Silk Life Plan can complement your clients’ estate arrangements to facilitate legacy planning, ensuring their legacy is properly passed on to the people they choose.
    The policy owner can nominate their beneficiaries in strict confidence. They can therefore be assured that their assets can, in most circumstances, be passed on to the people they wish without disclosure to others who might have conflicting interests and might interrupt the estate settlement.
    The Silk Life Plan provides a high value death benefit* (subject to approval). This enables your clients to use the assets in a way that suits them, ensuring that any cash benefits* will be available as a safety net for those who need it most.
*The death benefit will be paid as a cash amount, by transfer of assets or a combination of both.


    If your clients have business partners, they may want to ensure that, should one of them die unexpectedly, the business will remain in good hands.
    Clients have the option to cover a key employee with a Silk Life Plan to protect their company from the financial impact in the event of their death.
    If there are talented individuals within your client’s business, a Silk Life Plan can be used to supplement their remuneration package. Cash values and investment returns can be awarded to an employee as an executive bonus, instantly or deferred, to help retain valuable members of staff.




The Silk Life Plan could be suitable for customers who:

  • are an individual, a company, or a trust
  • are an accredited investor as defined in the Securities and Futures Act (Cap. 289)*
  • are aged between 18 and 89
  • want to accumulate or preserve wealth for their personal and business needs such as legacy planning or key person insurance
  • are looking for a high death benefit to provide for their beneficiaries
  • are looking to invest at least S$350,000/US$250,000/£175,000/€200,000 or currency equivalent into the product by cash or transferring assets** in specie as premium in kind
  • want access to a wide range of assets such as  collective investment schemes,  shares traded on major stock exchanges, fixed interest securities and alternative investments**
  • understand the associated risks of investing
  • want to have the ability to appoint an investment adviser representative (discretionary asset manager)**.

What happens if my client moves or returns to the UK and becomes UK resident?
Ensure you advise them of any tax charges that they may be liable for on becoming a UK resident. For more information read our client Q&A.


The Silk Life Plan is not suitable for customers who:

  • have no other savings or investments
  • are new to investing and are not comfortable in making investment decisions
  • are not an accredited investor as defined in the Securities and Futures Act (Cap. 289)*
  • are not happy to accept the risk of potential investment losses and are looking for a guaranteed investment return
  • are looking for low death benefit
  • require instant access to their money.

Supporting your sales of this wealth management solution

To help you and your clients benefit from this wealth management solution, we’ve prepared a suite of supporting documents, including:

For all other application forms and other documents, please refer to the literature library. Contact your Sales Consultant to discuss how this could be the right product for your clients.

If you are looking for historic product literature, please contact us using the details on the contact us page.


Placing the Silk Life Plan into the Tailored Life Trust

Your clients can place their Silk Life Plan into a Tailored Life Trust, which can help them create the financial future they want whilst also providing them with estate planning options. This means they can pass on as much wealth as possible, for example to children and grandchildren, by providing a lump sum on death to pay an inheritance tax (IHT) bill.

More information


*The Silk Life Plan is only available to accredited investors as defined by the Securities and Futures Act (Cap. 289). Currently this means an individual investor whose net personal assets are at least S$2 million or equivalent in a foreign currency and the net equity of their primary residence contributes no more than S$1 million towards their S$2 million net personal assets; or whose annual income in the last 12 months is at least S$300,000 or equivalent in a foreign currency; or; whose financial assets (net of any related liabilities) are at least S$1 million. For Corporate Investors, the company must have net assets of at least S$10 million or foreign currency equivalent. For Trustee Investors, an accredited investor is a trustee of such trust as the Monetary Authority of Singapore (MAS) may prescribe, when acting in the capacity of trustee.

**Subject to our approval

The information provided on this page is not intended to offer advice. It is based on Old Mutual International's interpretation of the relevant law and is correct at the time of publication. While we believe this interpretation to be correct, we cannot guarantee it. Old Mutual International cannot accept any responsibility for any action taken or refrained from being taken as a result of the information contained on this page.

Past performance is no guarantee of future returns. The value of the investments and the income from them can go down as well as up and the investor may not get back the amount invested. Where a transaction involves more than one currency, the investor may be exposed to the risk of currency fluctuations.

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