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LEGACY
FORMER SCOTTISH AMICABLE PRODUCTS
MORTGAGE & SAVINGS CONTRACTS (GENERALLY CLOSED TO NEW BUSINESS)
Conventional Endowment
Period offered
With-Profit and Non-Profit Endowments were withdrawn in 1995
Double Bonus Endowment withdrawn in 1968 since most policies would have failed qualification rules.
Description
With Profits
The policy receives an annual bonus based on the performance of the life office's with-profits funds. This and any previous bonuses the policy has received are added to the guaranteed sum assured at maturity. Terminal benefit may be payable.
Non-Profit
On survival to maturity or earlier death, the guaranteed sum assured is paid.
Double Bonus
A form of whole life or endowment assurance in which the bonus allotted on the basic sum assured is twice that which would be allotted to a single bonus policy. The policies include combination policies with basic benefit double bonus. Normally these contracts become single bonus if made paid-up but if written on a limited premium whole life basis, it remains a double bonus contract when all premiums are paid.
Options
These are an outline of options normally available. Please refer to Prudential for options and conditions on an individual policy.
Step Up Option
Premiums could be increased by a stated percentage each year for the first five years of the policy.
Charging Structure
Please contact Prudential for details of the charging structure.
Mortgage Products
Legacy
Disclaimer
Pension Products
Contact
Protection Products
Investment Products
General
FORMER SCOTTISH AMICABLE PRODUCTS MORTGAGE & SAVINGS CONTRACTS (GENERALLY CLOSED TO NEW BUSINESS)
Period offered
With-Profit and Non-Profit Endowments were withdrawn in 1995
Double Bonus Endowment withdrawn in 1968 since most policies would have failed qualification rules.
Description
With Profits
The policy receives an annual bonus based on the performance of the life office's with-profits funds. This and any previous bonuses the policy has received are added to the guaranteed sum assured at maturity. Terminal benefit may be payable.
Non-Profit
On survival to maturity or earlier death, the guaranteed sum assured is paid.
Double Bonus
A form of whole life or endowment assurance in which the bonus allotted on the basic sum assured is twice that which would be allotted to a single bonus policy. The policies include combination policies with basic benefit double bonus. Normally these contracts become single bonus if made paid-up but if written on a limited premium whole life basis, it remains a double bonus contract when all premiums are paid.
Options
These are an outline of options normally available. Please refer to Prudential for options and conditions on an individual policy.
Step Up Option
Premiums could be increased by a stated percentage each year for the first five years of the policy.
Charging Structure
Please contact Prudential for details of the charging structure.
