PRODUCT GUIDE
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LEGACY
FORMER M&G PRODUCTS
MORTGAGE AND SAVINGS PRODUCTS
Flexible Ten Plan
This description is a brief outline of the contract with the rules reference MGP05/7/9/12/14.
Period Offered
Available to New Business from 1977 to 1982.
Description
This contract is a unit-linked, qualifying endowment assurance. It was written on a single life, joint life (first and second death) or life of another basis.
It was designed to build a tax free lump sum or income source after a fixed term of 10 years.
Plans are segmented into separate policies, which must have a minimum premium of £20 per month or £240 per annum. The premiums can be paid monthly, quarterly, half yearly or annually. The maximum number of segments is 20.
Death Benefit
The greater of the sum assured and the bid value of the units.
Charging Structure
Please contact Prudential for details of the charging structure.
Options
These are an outline of options, which were normally available. Please refer to Prudential for options and conditions on an individual policy.
Waiver of Premium
Not available on this plan.
Maturity Option
There are various options available at maturity. The tax free cash sum option is the default option and if the policyholders instructions are not received by the maturity date the other options cannot be exercised. The Tax free Income option allows a regular withdrawal to be taken, but only if the policy is converted to a Whole of Life basis with a nominal premium payable at maturity. There is also an extension option. Please contact Prudential for further details.
Mortgage Products
Legacy
Disclaimer
Pension Products
Contact
Protection Products
Investment Products
General
FORMER M&G PRODUCTS MORTGAGE AND SAVINGS PRODUCTS
This description is a brief outline of the contract with the rules reference MGP05/7/9/12/14.
Period Offered
Available to New Business from 1977 to 1982.
Description
This contract is a unit-linked, qualifying endowment assurance. It was written on a single life, joint life (first and second death) or life of another basis.
It was designed to build a tax free lump sum or income source after a fixed term of 10 years.
Plans are segmented into separate policies, which must have a minimum premium of £20 per month or £240 per annum. The premiums can be paid monthly, quarterly, half yearly or annually. The maximum number of segments is 20.
Death Benefit
The greater of the sum assured and the bid value of the units.
Charging Structure
Please contact Prudential for details of the charging structure.
Options
These are an outline of options, which were normally available. Please refer to Prudential for options and conditions on an individual policy.
Waiver of Premium
Not available on this plan.
Maturity Option
There are various options available at maturity. The tax free cash sum option is the default option and if the policyholders instructions are not received by the maturity date the other options cannot be exercised. The Tax free Income option allows a regular withdrawal to be taken, but only if the policy is converted to a Whole of Life basis with a nominal premium payable at maturity. There is also an extension option. Please contact Prudential for further details.
