Ascend is a regular premium unit-linked insurance plan offered by Hansard Worldwide Limited, a unit of financial services firm Hansard Global.
In this Hansard Ascend review, we’ll talk about the product’s main features, charges, as well as advantages and disadvantages, among other key points.
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Some facts might change from the time of writing. Nothing written here is financial, legal, tax, or any kind of individual advice or a solicitation to invest.
So, potential investors shouldn’t base any investment decision on this Hansard product review alone.
Ascend is a flexible investment plan with an insurance wrapper, built for individuals or businesses aiming to grow their wealth over a 5 to 25-year horizon.
Policy management is available around-the-clock via your Hansard online account, and withdrawals are free of penalties at any time.
Ascend offers a loyalty bonus of 0.6% per annum from day one. It jumps to 1% per annum after 10 years or once you’ve contributed for 10 years.
Eligible applicants include individuals (age ≤75 at the end of the term) and corporate entities.
For life assurance contracts, the owner and life assured must be under 65 at the contract start.
The investment product targets those who want a simple and flexible online investment solution, plan to invest regularly over the medium to long term, and are looking to diversify their portfolio with international options.
With Ascend, you can customize your plan to suit your financial strategy.
You can contribute monthly, quarterly, semi-annually, or annually. The minimum is 300 US dollars, euros, or British pounds per month.
Top-ups can be made at any time with the same 300 minimum.
You can keep your plan in one currency or spread investments across all three major currencies.
The investment options include a restricted fund list.
To help control risk during market swings, you can choose the Deposit Fund or customize your investment strategy with access to Hansard Unit-linked Funds.
You also get to choose how your plan is set up: life assurance or capital redemption, based on where you live.
The life assurance option has no fixed end date and will pay out 100.1% of the contract value to your beneficiary or estate upon death.
Meanwhile, the capital redemption contract has a fixed term of 99 years and do not include life cover. Upon the owner’s death, the policy continues under the beneficiary or estate until the term ends or it is surrendered.
The Ascend fees that apply include:
If you cancel early, you’ll be billed the annual fees that would’ve applied for the rest of the term.
Overall, it is a decent product, but better options exist.