Prudence Prospects Bond top-ups

Prospects Bond will be closed to new business from 31 December 2009. However, the product will still be available for top ups.

Full terms and conditions are available on request.

Calls may be monitored or recorded for quality and security purposes. Full terms and conditions are available on request.

The value of an investment may fluctuate and is therefore not guaranteed. Your client may not get back the full amount of their investment. For investments in the With-Profits Funds, the value of the Policy depends on how much profit the Funds make and how we decide to distribute it.

If money is taken out of the With-Profits Fund, we may make an adjustment to your fund value if the value of the underlying assets is less than the value of your Plan including all bonuses. This adjustment is known as a Market Value Reduction (MVR). It is designed to protect investors who are not taking their money out and its application means that your client gets a return based on the earnings of the With-Profits Fund over the period your client's payments have been invested. We apply the MVR to your client's Plan value including regular and final bonuses. If investment returns have been very poor, your client may get back less than they have invested in their Plan. We do not apply an MVR on certain regular withdrawals or on any claims due to death.

If money is withdrawn within the first seven years from initial investment or subsequent top-up, an Early Cash-In Charge will apply (except on regular withdrawals). On death within the first seven years of initial investment or subsequent top-up a deduction equal to the Early Cash-In Charge will apply.