This page is about Custodian Life profile – its history and background, its product, its performance, and its contact information. It will also give updates about what’s happening with Custodian Life:
- Who are Custodian Life?
- History of Custodian Life
- Custodian Life Offering
- Custodian Life Performance
- Custodian Life Restructuring
- Custodian Life Contact
Custodian Life’s founding idea is to create high-quality insurance and investment products with the needs of the global investor of today in mind.
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).
This includes if you have a Custodian Life policy which you aren’t happy with and are thinking about getting an alternative.
This has become more important given the recent announcements about the company restructuring which I spoke about on YouTube (see the video here).
Custodian Life Profile
Who are Custodian Life?
In its mission statement, Custodian Life declared that it seeks to meet the complex investment demands of today’s investors with a wide choice of products and exceptional long-term investment performance.
In practice, the company benefits from legally segregated accounts that are created to protect each policyholder’s assets from the liabilities associated with all other policyholders’ assets.
These accounts also provide protection against the company’s insolvency as well as the insolvency of any other policyholder’s segregated account.
The core of Custodian Life’s business is long-term insurance which is investment-linked; it offers whole-life insurance policies with unit-linked features that will give a return and are linked to an underlying portfolio that allows policyholders to divide their premium payments among several investment funds.
The assets will be kept in different accounts, and the death benefit or encashment value of the whole life policy may increase or decrease depending on the overall return on the investment portfolio.
Custodian Life login for online services is simple, it just needs the client’s registered email and password.
Custodian Life History
Bermuda-based insurance company and investment provider Custodian Life was established in 2011 in response to a market demand for a “flexible mindset and a challenging approach to the current system.”
The company decided to establish its headquarters in Bermuda because it thought the local legal system at the time was flexible, dynamic, and offered greater customer security than other possibilities.
In the beginning, Southeast Asia was Custodian Life’s primary target market, but as it since has grown, and expanded into markets like the Middle East.
Development has so far been driven by the market, as several of the bigger IFAs have increased distribution to their advisory footprint after learning about the company’s goods in Asia.
In order to grow its network throughout the globe, the organization is currently looking at prospects in the Middle East, South America, and Africa.
Custodian Life Offering
The exclusive investment bond from Custodian Life is a fully open architecture life assurance insurance that enables the policyholder to construct a portfolio of investments in a tax-efficient setting.
Since the company only offers one product to a client, yet with complete control and flexibility, guiding a client through its product range is straightforward.
The business may reach a far wider market with an industry-leading minimum investment of $30,000 or the equivalent in other currencies.
Custodian Life Performance
Especially when compared to the majority of other life insurance companies, Custodian Life is a young business.
However, Custodian Life Chief Executive Officer Joakim Samuelsson had said in interviews that it uses its youth as a recently founded business as a competitive advantage over its established competitors.
According to Samuelsson, the company will profit from being organized in accordance with how the unit-linked market will function going forward. The business is set up to respond quickly to market changes and to take into account the state of the market.
This is because, in his view, their primary rivals in the insurance and investment business are generally mired in archaic hierarchies that cause stagnation and slow response times.
According to Custodian Life, as the financial sector has grown over the past few years, the balance of power is moving in favor of the consumer, and distribution methods are developing quickly.
It holds that an insurer must adapt in order to deliver better products more quickly and affordably.
Custodian Life cites the example of entering new markets. When entering new markets, insurers should think about using more adaptable sales strategies that make use of the web, mobile platforms, and other developing technology.
In fact, this strategy has been baked into the core of the company even down to the choice of settling in Bermuda. Custodian Life decided to establish its operations in Bermuda because it thinks that nation is the best place to conduct business in the insurance, reinsurance, and investment fund sectors.
A policyholder’s funds can be invested with more flexibility thanks to the pragmatic, risk-based regulatory approach used by the Bermuda Monetary Authority (BMA), which is well-known on a global scale.
Additionally, the legislation governing segregated accounts gives the company more freedom to give clients safe and cutting-edge investment choices and, in our opinion, offers the finest policyholder protection in the sector.
“This really was a simple decision for us since it is a well-known fact that Bermuda is the pre-eminent jurisdiction for the insurance, reinsurance and investment fund industries,” Samuelsson had said.
“It has become a major player in the insurance sector globally, third only to New York and London. With 75% of the world’s Fortune 100 companies working in the country, Bermuda has become an industry powerhouse.”
Samuelsson explained that the nation has a legal system that is based on English law and has created a world-class physical and technological infrastructure that is safe and secure, a perfect fit for their company.
Top multinational service providers have also developed a staff of specialists with international training and experience.
Custodian Life Restructuring
Custodian Life is going through financial challenges, which is why a restructure is required.
Deloitte partners Edward Willmott and John Johnston have reportedly been designated as joint provisional liquidators by the corporation to oversee the reorganization. All policyholder redemption requests have been halted as part of this procedure. The Bermuda Supreme Court approved this suspension in order to safeguard stakeholders and preserve stability.
The liquidators will work with the management of Custodian Life and the Bermuda Monetary Authority, reporting to the court on a regular basis. Although there is no certainty that the restructure will be successful, efforts are being made to maintain regular operations.
Custodian Life Contact
- Office address: Hamilton, Bermuda, Century House, 16 Par-la-Ville Road, Hamilton HM 08
- Back office email: backoffice@custodianlife.com
- Sales email: so@custodianlife.com
- Career opportunities email: careers@custodianlife.com
- Complaints: complaints@custodianlife.com
The Custodian Life complaints form can be downloaded and sent to their complaints email above or their office address.
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