The initial index on the regular income plan is reached by taking the average of the index level once a month for the first six months, which gives partial protection against a steep decline in the index. The 50% barrier would be breached if the index falls below 1,890.48. Capital will be lost 1:1 if the index falls more than 50% below the initial level and the final level is lower than the initial.
"Averaging smoothes problem times," says Adam Habib, chief executive officer at Jubilee. "Now is t