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

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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.
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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.
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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 closure

Until August 2024 we kept all of the assets and policies in a separate Ring Fenced Fund, to ensure that our previous Coventry Assurance members are only exposed to the risks and investment returns of their fund.

We’ve managed the investments in the Coventry Assurance Ring Fenced Fund to ensure that the guarantees that were made when you took out the policy are honoured and that, when possible, we have been able to add either regular bonuses or a final bonus when the policy matures.

Now that the majority of the policies that were transferred to us from Coventry Assurance have matured and been paid out to members, we’ve closing down the Ring Fenced Fund and are managing the remaining policies within our main Healthy Investment Ethical With-profits Fund.