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Discounted Gift Trust (DGT) new business

DGT new business support:

  • Tele-underwriting is available
  • Where Tele-underwriting is not suitable, we'll revert back to the standard process existing before COVID 19, where we'll request a GP report and underwrite on that basis.
  • Interim underwriting can be completed based on the information in a declaration of health, if it provides sufficient information.  
  • DGTs can be set up on a nil discount basis - but this option is designed for those cases where the health of the client is sufficiently poor that a discount is not expected.  No underwriting is done for these cases, or it is a decline.  These discounts are not re-visited.

Please also note that the cancellation period of the underlying bond remains the same – the bond can’t be cancelled even if a final discount is different or declined.

"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at Craigforth, Stirling FK9 4UE. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company. The Prudential Assurance Company and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc, a company incorporated in the United Kingdom. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.