Citadel Insurance declares 4% bonus rate

The bonus will be credited to the policy accounts active as of December 31, 2010 on all of the CitadelLife Investment Bonds and the Perla Savings policies. In accordance with the terms of their contract, policyholders of the Perla Protection Plan will be credited with the guaranteed 4.5% bonus.

The Head of Citadel’s Life department, Mark Lamb, stated: “Once again our valued policyholders have benefitted from the application of another market leading bonus rate combined with a minimum guaranteed return.”

Over the last 10 years, the company has declared an average annual bonus rate of 4.90%.

The CitadelLife Investment Bond and Perla Savings Plan are tax efficient life insurance policies in terms of current tax legislation. Furthermore, Citadel’s Perla Savings Plan offers a minimum guaranteed return of 3.5% on the invested premiums while no up-front allocation fee is being applied to the single premium policy ‘CitadelLife Investment Bond’ under the terms of the current special offer.

Regulated by the MFSA, Citadel offers a wide range of insurance solutions including cost effective home and business loan life protection.