International Protection
Why choose Prudential International for protection?
In an offshore protection policy, the mortality costs are met from underlying funds that grow largely free of tax. As a result, the premiums may be lower than for an equivalent onshore policy that would incur tax at source.
Choice of policies
To help match your clients' needs, Prudential International offers a choice of single and regular premium products:
- Flexible Protection Bond - a single premium bond, with a sum assured that can be a set amount or linked to the bond's cash-in value;
- Flexible Life Plan - a regular premium plan with a choice of standard and maximum cover.
The product links on the left will take you to further details, online services and literature.
Who could benefit?
There are a number of client types who might benefit from one of our offshore protection policies. Some examples are clients who are:
- planning for inheritance tax - by funding for the tax charge, rather than giving money away; see the inheritance tax briefcase for a worked example
- wanting to leave a legacy to charity - and take advantage of the proposed reduction in the inheritance tax rate
- at retirement and wanting to replace death in service benefits
- wanting to provide a legacy for a child or grandchild - perhaps to fund university fees
- a business owner intending to leave the business to one dependent and wanting to provide an equivalent legacy for another
Service and underwriting
We have recently made a number of improvements to our service and underwriting, including:
- New preliminary medical underwriting option, where the sum assured is over £750,000 - to provide an answer on your client's medical rating in advance of other requirements
- New large case process where the sum assured is more than £1 million, to help smooth the application process
- Enhanced contact strategy, using telephone and/or email to keep you up to date with the progress of applications
