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LEGACY
FORMER SCOTTISH AMICABLE PRODUCTS
MORTGAGE & SAVINGS CONTRACTS (GENERALLY CLOSED TO NEW BUSINESS)
Flexisave
Period Offered
The description below is a brief outline of contracts with the rules references R255/6/80 and R255/2/88 (First Series) and R405/12/89 (Second Series). This version of the contract was withdrawn in December 1994.
Description
A 10 year with-profits endowment assurance issued as a combination of identical unit policies.
The policy carries guaranteed cash values after 7.5 years.
Allows the surrender of less than all units to occur with the policy remaining qualifying.
Policy Benefits
The 1st Series participates in the same bonus series as the Flexidowment 2nd Series.
The 2nd Series has its own bonus system.
Options
These are an outline of options normally available. Please refer to Prudential for options and conditions on an individual policy.
Paid Up Option (Available - R255/6/80, R255/2/88 withdrawn for 2nd Series R405/12/89)
In certain circumstances the policyholder could make the policy paid up but they would still receive a benefit on death.
Re-entry Option (Available - R255/6/80, R255/2/88 withdrawn for 2nd Series R405/12/89)
The policyholder may be able to effect a further policy on the terms and conditions of the existing policy up to one month after the date of maturity.
Increase Option (Available - R255/6/80, R255/2/88 withdrawn for 2nd Series
R405/12/89)
The policyholder may be able to increase the number of Flexisave policies in force, subject to Prudnetial's conditions, by one third.
Premium Extension Option (Available for 2nd Series R405/12/89)
The policyholder may be able to elect that the policy continues for a further 10 years on the 10th anniversary and at each 10th anniversary therefter.
Charging Structure
Please contact Prudential for details of 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
The description below is a brief outline of contracts with the rules references R255/6/80 and R255/2/88 (First Series) and R405/12/89 (Second Series). This version of the contract was withdrawn in December 1994.
Description
A 10 year with-profits endowment assurance issued as a combination of identical unit policies.
The policy carries guaranteed cash values after 7.5 years.
Allows the surrender of less than all units to occur with the policy remaining qualifying.
Policy Benefits
The 1st Series participates in the same bonus series as the Flexidowment 2nd Series.
The 2nd Series has its own bonus system.
Options
These are an outline of options normally available. Please refer to Prudential for options and conditions on an individual policy.
Paid Up Option (Available - R255/6/80, R255/2/88 withdrawn for 2nd Series R405/12/89)
In certain circumstances the policyholder could make the policy paid up but they would still receive a benefit on death.
Re-entry Option (Available - R255/6/80, R255/2/88 withdrawn for 2nd Series R405/12/89)
The policyholder may be able to effect a further policy on the terms and conditions of the existing policy up to one month after the date of maturity.
Increase Option (Available - R255/6/80, R255/2/88 withdrawn for 2nd Series
R405/12/89)
The policyholder may be able to increase the number of Flexisave policies in force, subject to Prudnetial's conditions, by one third.
Premium Extension Option (Available for 2nd Series R405/12/89)
The policyholder may be able to elect that the policy continues for a further 10 years on the 10th anniversary and at each 10th anniversary therefter.
Charging Structure
Please contact Prudential for details of charging structure.
