Coventry Assurance

Now a part of the Healthy Investment family

All former members of Coventry Assurance had their membership and policies transferred over to Healthy Investment in 2011.

This included funeral benefit, endowment savings plan members and members with Unison Unibond policies.

It means they are now full voting members of Healthy Investment and will receive an invitation to our Annual General Meeting – it’s their chance to vote on important issues, including the appointment of Directors.

Coventry Assurance Products

We keep all of the assets and liabilities of Coventry Assurance in a separate ‘ring fenced’ fund.

Unibond Tax Exempt Savings Plan

These 15 year savings plans have a Savings Fund Guarantee which is the minimum savers are guaranteed to receive when their policy matures. It also includes a 10 year option to cash in the policy when they will receive a guaranteed payout equal to what they would have received had they taken out a 10 year savings plan.

Endowment Savings Plan

These traditional endowment savings plans include Tax Exempt and Standard Savings Plans. They have a guaranteed sum assured which is the minimum savers will receive when the policy matures providing all of the contributions have been paid. They may also receive a bonus to increase the payout they receive when the policy matures.

Funeral Benefit Plan

These historic whole of life policies pay out £50 when the policyholder dies. All of the policies we hold no longer have to pay any premiums although their benefit is guaranteed regardless of age.
If you think clients have held a Coventry Assurance policy in the past please contact us to check if they are still entitled to a payout.

Ring Fenced Fund

Fund Objectives

When the assets of Coventry Assurance were transferred to Healthy Investment in 2011 they were put into a ring fenced fund to ensure that the members of Coventry Assurance benefit from the investment growth.

The fund aims to provide members with steady growth through a low risk, actively managed fund over a medium to long term, whilst smoothing out the fluctuations in investment markets.

It offers investors a way to invest and save for their future in an ethical and cautious With-profits Fund which allows them to invest in a mix of different assets including government and company bonds, UK and global shares, commercial property and cash deposits, which might be difficult to achieve as a direct individual investor.

The Coventry Assurance Ring Fenced Fund does not directly invest in companies in alcohol, arms or tobacco industries and gambling and pornography providers.

Asset Allocation

The Healthy Investment Coventry Assurance Ring Fenced With-profits Fund invests in a mix of different investment assets including UK and global stocks and shares, fixed interest government and corporate bonds, commercial property and cash deposits.

Diversification reduces risk by allocating investments across various financial assets, and industries. The objective of a diversified portfolio is to optimise returns by investing in different financial sectors, each of which react differently to the same market event.

Although it doesn’t guarantee against loss, diversification is an important element of reaching long term financial goals whilst minimising the level of risk.

Balancing a portfolio is quite complicated and potentially more expensive if arranged by direct individual investment and may come with lower rewards because the risk is mitigated.

Different assets such as bonds and stocks don’t usually react in the same way to adverse events. A combination of both reduces the sensitivity of a portfolio to market swings because they move in opposite directions. So by diversifying, adverse movements in one may be offset by positive results in another.

Diversification by location may also be beneficial. Market volatility is USA may not affect investments in the UK and Europe so investing across different locations may minimise and offset the risks of all investments being at home.

Our appointed investment managers ensure that the components of the With-profits Fund are sufficiently diversified to represent a cautious approach to investing our members’ savings and investments.