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This product is closed to new business and top-ups - With Effect From 03/08/2009
The Plan is a Single Premium Whole of Life Assurance Contract issued by The Prudential Assurance Company Ltd. The Plan is normally split into 20 identical policies for maximum flexibility and should be considered as a medium to long term investment (5 years or more).
Investments may be made in the PruFund Growth Fund and/or PruFund Growth and Income Fund which are part of Prudential's With-Profits Fund. We smooth the return on the underlying investments by gradually increasing the unit price each day at the 'Expected Growth Rate', which we will set and publish online every three months (on each quarter date*). The 'Expected Growth Rate' for each Fund is an indication of how we expect the Fund to grow over the year. We may adjust the unit price at the start of each quarter or, more rarely, during the quarter as part of the 'smoothing process'.
The PruFund Growth Fund and PruFund Growth and Income Fund each have a corresponding fund, the PruFund Growth Account and the PruFund Growth and Income Account which increase at the 'Expected Growth Rate' for their respective Funds but are not affected by the Smoothing Process. Premiums are initially invested in the Account corresponding to the selected Fund(s) and the value after any charges or payments is automatically transferred into the relevant Fund(s) on the next quarter date*.
A Rolling Guarantee Option is available
*25 February, 25 May, 25 August and 25 November, or the following working day if the date falls on a non working day.
Allocation
Benefits
Charges
Contribution/ Payment Levels
Eligibility
Funds Available
Rolling Guarantee Option
Share Exchange
Smoothing Process
Switching
