PRODUCT GUIDE
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LEGACY
FORMER M&G PRODUCTS
MORTGAGE AND SAVINGS PRODUCTS
Trust Assurance Plan
This description is a brief outline of the contract.
Period Offered
Available to New Business from 1961 until 1975.
Description
This contract is a unit-linked, qualifying endowment assurance with the premium payment term selected by the policyholder at outset. It was written on a single life basis only. The investor could only invest in one fund at a time and could not switch.
The policy was designed to provide capital growth and a tax free lump sum after 10 years. The premiums can be paid monthly, quarterly, half-yearly or annually.
Death Benefit
For plans set up prior to 19 March 1968 the death benefit was the sum of the fund value and the cash sum equal to the annual premium x no of complete unexpired years under the policy.
For plans set up from 19 March 1968 it was the greater of the fund value and 75% of the total premiums payable.
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 two options available at maturity. The client can elect to receive a tax-free cash sum or if no instructions are received from the client by the date of maturity units will remain allocated to the policy indefinitely.
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.
Period Offered
Available to New Business from 1961 until 1975.
Description
This contract is a unit-linked, qualifying endowment assurance with the premium payment term selected by the policyholder at outset. It was written on a single life basis only. The investor could only invest in one fund at a time and could not switch.
The policy was designed to provide capital growth and a tax free lump sum after 10 years. The premiums can be paid monthly, quarterly, half-yearly or annually.
Death Benefit
For plans set up prior to 19 March 1968 the death benefit was the sum of the fund value and the cash sum equal to the annual premium x no of complete unexpired years under the policy.
For plans set up from 19 March 1968 it was the greater of the fund value and 75% of the total premiums payable.
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 two options available at maturity. The client can elect to receive a tax-free cash sum or if no instructions are received from the client by the date of maturity units will remain allocated to the policy indefinitely.
