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 benefited from the investment growth.

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

It offered investors a way to invest and save for their future in an ethical and cautious With-profits Fund which allowed them to invest in a mix of different assets which might be difficult to achieve as a direct individual investor.

The Coventry Ring Fenced Fund has never invested directly in companies in certain industries and those whose activities do not accord with our members’ personal values. Examples are the tobacco, armaments, alcohol and fur manufacturing industries, gambling and pornography providers and companies that manufacture products or ingredients that have been tested on animals.

Our vision is to invest for a better future, deliver good financial returns and make a difference to society and the environment.

Asset Allocation

Historically The Coventry Assurance Ring Fenced With-profits Fund has invested 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.

As members’ endowments have matured the fund is reducing in size and in order to minimise risk and take advantage of rising interest rates the fund now invests solely in fixed interest bonds and cash deposits.

In order to maximise the potential return of cash deposits we use a cash fund that places deposits with a wide range of banks and invests in short dated fixed interest bonds issued by banks, financial institutions and governments.

CAS Ring Fenced Fund Asset Allocati