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LEGACY
FORMER M&G PRODUCTS
PROTECTION PRODUCTS
Over 50's Guaranteed Protection Plan
This description is a brief ooutline of the contract with rules reference M9P21. The plan is also known as the Golden Years Plan and Mature Life Plan.
Description
This contract started as a qualifying 2 year term assurance policy, which converts, to a whole of life plan at the end of that term. The plan then has a premium payment term of the greater of 10 years, or to the anniversary date immediately before the Life Assured's 85th birthday. All contracts transferred to Prudential are whole of life plans.
This whole of life contract was aimed at the mature individual, and was designed to pay out a selected amount of cover on the death of the life assured.
The policy was only available on a single life basis
Premiums are payable on a monthly, quarterly, half yearly or annual basis.
Plan Basis
At outset, the client selected the level of cover. The premium was calculated based on age, sex, and sum assured.
Benefits
As a whole of life contract, the sum assured selected at outset will be paid on the death of the life assured. The policy will then cease.
The policy has a limited investment element, and acquired a surrender value after being held for 3 years. The Appointed Actuary will calculate the surrender value on request.
Charging Structure
Please contact Prudential for details of the charging structure.
Options
This contract contains no options.
Mortgage Products
Legacy
Disclaimer
Pension Products
Contact
Protection Products
Investment Products
General
FORMER M&G PRODUCTS PROTECTION PRODUCTS
This description is a brief ooutline of the contract with rules reference M9P21. The plan is also known as the Golden Years Plan and Mature Life Plan.
Description
This contract started as a qualifying 2 year term assurance policy, which converts, to a whole of life plan at the end of that term. The plan then has a premium payment term of the greater of 10 years, or to the anniversary date immediately before the Life Assured's 85th birthday. All contracts transferred to Prudential are whole of life plans.
This whole of life contract was aimed at the mature individual, and was designed to pay out a selected amount of cover on the death of the life assured.
The policy was only available on a single life basis
Premiums are payable on a monthly, quarterly, half yearly or annual basis.
Plan Basis
At outset, the client selected the level of cover. The premium was calculated based on age, sex, and sum assured.
Benefits
As a whole of life contract, the sum assured selected at outset will be paid on the death of the life assured. The policy will then cease.
The policy has a limited investment element, and acquired a surrender value after being held for 3 years. The Appointed Actuary will calculate the surrender value on request.
Charging Structure
Please contact Prudential for details of the charging structure.
Options
This contract contains no options.
