14th December 2007

Scottish Provident Rates Review

Scottish Provident Rates Review
 
Life cover rates on Scottish Provident’s award winning Self Assurance product have been reviewed. This targeted reprice means that the majority of life cover rates will be reduced; however a small number of rates will go up.

To show how the life cover rates will be affected, here are some examples:

Life Cover Before 10th Dec After 10th Dec Percentage Reduction
Male, Level Term £10.83 £9.64 11%
Female, Level Term £9.56 £8.00 16%
Male, Decreasing Term, 9% £8.86 £7.47 16%
Female, Decreasing Term, 9% £7.90 £6.16 22%

(Based on Non-Smoker, 35nb, 25-year term, £100k Sum Assured, Guaranteed Fixed Term)

Please note these are illustrative examples only and the cost of individual policies will depend on the specific circumstances of the client.

We have also reviewed our Death or Earlier Critical Illness rates. Check out our rates on the leading portals, visit http://scottishprovident.msgfocus.com/c/13lZF1SMLldXvsXj (link opens in  a new window) or call us on the numbers above. For more information please see our pipeline arrangements (pdf) (link opens in  a new window) for this reprice.

scottishprovident.com (link opens in  a new window)

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Enhancements to Medicals Direct Service

We have extended the medical service provided by Medicals Direct to include using mobile nurses (parameds) to, in some cases, replace the medical examinations and tests previously carried out by doctors. The new service will be more flexible – nurses can carry out the examinations to fit in with your clients’ lives. It will also be faster as the nurses use blackberry technology to transmit the results direct to us.

Your Sales Consultant will be able to give you more information on our products and we will keep you updated with further market leading developments from Scottish Provident. In the meantime best wishes for a Happy Christmas and a prosperous New Year.
 

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