PRODUCT GUIDE
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LEGACY
FORMER SCOTTISH AMICABLE PRODUCTS
MORTGAGE & SAVINGS CONTRACTS (GENERALLY CLOSED TO NEW BUSINESS)
Maximum Investment Plan
Period Offered
The description below is a brief outline of contracts with the rules reference U120/08/81, U120/2/88 and U120/07/88. The contract was replaced by the Amicable Savings Plan in January 1995.
Description
This contract is a unit-linked endowment assurance issued as a single policy or in clusters on a single life, first death or second death basis.
Premiums are allocated at a fixed percentage at Offer Price.
Death Benefit
The death benefit payable is the greater of the value at bid price of the units allocated to the policy and a guaranteed minimum death benefit. This guaranteed death benefit is calculated as the minimum death benefit required to make the policy "qualifying".
Charging Structure
Please contact Prudential for details of the charging structure. Premiums may be paid on a "Low Start" (now withdrawn) or a "Level" basis, the premiums being allocated on a fixed % age at Offer Price.
Options
These are an outline of options which were normally available. Please refer to Prudnetial for options and conditions on an individual policy.
Low Start
Premiums increase by 10% for the first five years. Withdrawn July 1988.
Whole Life
Only available for Maximum Investment Plans that started before 24 February 1988. At maturity, the Maximum Investment Plan may be converted to a qualifying whole life policy. An annual premium of £1 remains payable to ensure the policy remains within the qualifying rules.
Premium Extention
The term of the policy can be extended at maturity. Premium payments remain as before, but if Life Assurance Premium Relief was received previously, this will be lost. The policyholder receives an enhanced allocation factor of 105%. Discontinuance charges no longer apply.
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 reference U120/08/81, U120/2/88 and U120/07/88. The contract was replaced by the Amicable Savings Plan in January 1995.
Description
This contract is a unit-linked endowment assurance issued as a single policy or in clusters on a single life, first death or second death basis.
Premiums are allocated at a fixed percentage at Offer Price.
Death Benefit
The death benefit payable is the greater of the value at bid price of the units allocated to the policy and a guaranteed minimum death benefit. This guaranteed death benefit is calculated as the minimum death benefit required to make the policy "qualifying".
Charging Structure
Please contact Prudential for details of the charging structure. Premiums may be paid on a "Low Start" (now withdrawn) or a "Level" basis, the premiums being allocated on a fixed % age at Offer Price.
Options
These are an outline of options which were normally available. Please refer to Prudnetial for options and conditions on an individual policy.
Low Start
Premiums increase by 10% for the first five years. Withdrawn July 1988.
Whole Life
Only available for Maximum Investment Plans that started before 24 February 1988. At maturity, the Maximum Investment Plan may be converted to a qualifying whole life policy. An annual premium of £1 remains payable to ensure the policy remains within the qualifying rules.
Premium Extention
The term of the policy can be extended at maturity. Premium payments remain as before, but if Life Assurance Premium Relief was received previously, this will be lost. The policyholder receives an enhanced allocation factor of 105%. Discontinuance charges no longer apply.
