FOR INTERMEDIARY USE ONLY Introducing PruProtect Protection that goes further PRUPM11013 UBD 26 Nov 2012
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FOR INTERMEDIARY USE ONLY
Introducing PruProtect
Protection that goes further
PRUPM11013 UBD 26 Nov 2012
Sections
① Who is PruProtect?
② Trends impacting protection
③ Facts, stats and quotes
④ Personal products
⑤ Business products
⑥ Vitality and Vitality Plus
⑦ Growing your business
Facts, stats and quotes
Serious Illness Cover – fast facts
Min and max entry age next
birthday
17 – 65
Max expiry age/date (not applicable to Whole of Life)
Age 70 exactly
Min term 5 years
Max term (not applicable to Whole of Life)
Reviewable premiums: 50 years
Guaranteed premiums: 40 years
Min sum assured £10,000 subject to minimum premium
Max sum assured The total combined Serious Illness Cover
and Disability Cover from us cannot exceed
£1,000,000
Income Protection Cover – fast facts
Min and max entry age next
birthday
17 – 60
Max expiry age/date (not applicable to Whole of Life)
Age 70 exactly
Min term 5 years
Max term (not applicable to Whole of Life)
54 years
Min sum assured £250 each month subject to minimum premium
Max sum assured Primary Cover - £10,000 per month
Comprehensive Cover - £16,666.67 per month
Life Cover – fast facts
Min and max entry age next
birthday
17 – 75
Max expiry age/date (not applicable to Whole of Life)
Age 80 exactly
Min term 5 years
Max term (not applicable to Whole of Life)
Reviewable premiums: 60 years
Guaranteed premiums: 50 years
Min sum assured £10,000 subject to minimum premium
Max sum assured £5,000,000
A higher amount up to £10,000,000 may be
available subject to meeting specified criteria
Minimum Protected Account – Fast Facts
Min and max entry age next
birthday
17 – 65
Max expiry age/date (not applicable to Whole of Life)
When Serious Illness Cover and Optional
Serious Illness Cover for Children have
ended
Min term N/A
Max term (not applicable to Whole of Life)
N/A
Min sum assured N/A
Max sum assured N/A
Family Income Cover – Fast Facts
Min and max entry age next
birthday
17 – 75
Max expiry age/date (not applicable to Whole of Life)
Age 80 exactly
Min term 5 years
Max term (not applicable to Whole of Life)
Reviewable premiums: 60 years
Guaranteed premiums: 50 years
Min sum assured £250 each month subject to minimum
premium
Max sum assured The monthly equivalent that will lead to a
total payout of up to £5,000,000
Paid on death/ terminal illness
Family Income Cover – Fast Facts cont.
Min and max entry age next
birthday
17 – 65
Max expiry age/date (not applicable to Whole of Life)
Age 70 exactly
Min term 5 years
Max term (not applicable to Whole of Life)
Reviewable premiums: 50 years
Guaranteed premiums: 40 years
Min sum assured £250 each month subject to minimum
premium
Max sum assured The monthly equivalent that will lead to a
total payout of up to £1,000,000. This
includes any Serious Illness Cover and
Disability Cover
Paid on death/ terminal illness/ serious illness
Education Cover – Fast Facts
Min and max entry age next
birthday
17 – 75
Max expiry age/date (not applicable to Whole of Life)
Age 80 exactly
Min termAvailable for a child who is 18 years or
younger at entry
Max term (not applicable to Whole of Life)
Min sum assured N/A
Max sum assured N/A
Paid on death/ terminal illness
Education Cover – Fast Facts cont.
Min and max entry age next
birthday
17 – 65
Max expiry age/date (not applicable to Whole of Life)
Age 70 exactly
Min termAvailable for a child who is 18 years or
younger at entry
Max term (not applicable to Whole of Life)
Min sum assured N/A
Max sum assured N/A
Paid on death/ terminal illness/ serious illness - severity A
Disability Cover – Fast Facts
Min and max entry age next
birthday
17 – 60
Max expiry age/date (not applicable to Whole of Life)
Age 70 exactly
Min term 5 years
Max term (not applicable to Whole of Life)
Reviewable premiums: 50 years
Guaranteed premiums: 30 years
Min sum assured £10,000 subject to minimum premium
Max sum assured £500,000. For claims as a result of a serious
illness, the maximum combined we will pay
cannot exceed £1,000,000
Health Cover – Fast Facts
Min and max entry age next
birthday
19 – 75 (with Life)
19 – 65 (with SIC)
19 – 60 (with IP)
Max expiry age/date (not applicable to Whole of Life)
N/A
Min term N/A
Max term (not applicable to Whole of Life)
N/A
Min sum assured N/A
Max sum assured N/A
Unemployment Cover – Fast Facts
Min and max entry age next
birthday
19 – 60
Max expiry age/date (not applicable to Whole of Life)
Age 65 next birthday
Min term 5 years
Max term (not applicable to Whole of Life)
47 years
Min sum assured £100 each month subject to minimum
premium
Max sum assured £2,500 each month
Optional SIC for Children – Fast Facts
Min and max entry age next
birthday
3 months exactly – 17
Max expiry age/date (not applicable to Whole of Life)
Plan anniversary before the 19th birthday
Min term N/A
Max term (not applicable to Whole of Life)
N/A
Min sum assured £10,000 subject to minimum premium
Max sum assured £100,000
Serious Illness Cover
“The mistake I made was to develop the policy to pay
out on the diagnosis.
It should be paid out on severity…”
Dr Marius BarnardFounder of Critical Illness Cover
Source: Citywire Money, 2007
Cancer
1 in 3 people in
Britain will have a
cancer diagnosed at
some time during
their life
Source: Cancer Research UK, 2011
Facts, stats and quotes - Cancer
Every two minutes
someone is diagnosed
with cancer
Facts, stats and quotes – Chronic or long term
disease
More than
15 million people in England
have a
chronic or long-term disease
ranging from asthma to heart-
failure
Facts, stats and quotes – breast cancer
In 2001
81% of women suffering
with
breast cancer,
survived for more than 5
years
In 1971 it was only 52%
• 74% of cases are diagnosed in people aged 60
• More than a third of cases are in people aged 75 and over.
• Around 1 in 10 of all cancer cases occur in adults aged 25-49 years
– mainly breast, malignant melanoma, bowel cancer and cancer of
the cervix
• There are as many different types of cancer as there are different
types of human cell - just over 200
Cancer facts
Source - http://info.cancerresearchuk.org/cancerstats/
Types of Cancer
Carcinoma
Begins in the skin or in
tissues that line or cover
internal organs
Leukemia
Starts in blood-forming
tissue such as the bone
marrow Lymphoma and multiple
myeloma
Begin in the cells of the
immune system
Sarcoma
Begins in bone,
cartilage, fat, muscle,
blood vessels, or other
connective or supportive
tissue
Top ten cancers in men
Source: Cancer Research UK 2013
*Bowel cancer including anal cancer (C18-C21)
**6% of all male cancer deaths are registered without specification of the primary site
Top ten cancer in women
Source: Cancer Research UK 2013
*Bowel cancer including anal cancer (C18-C21)
**8% of all female cancer deaths are registered without specification of the primary site
A talk by Professor Gerard Evan: cancer isn’t
mysterious
• Cancer Research UK scientist Professor Gerard Evans gives a
fascinating talk on the link between dinosaur evolution and cancer.
Facts, stats and quotes
If you don’t have
time to do it right?
When do you have
time to do it over?
John WoodenCollege basketball coach
Facts, stats and quotes - Strokes
The risk of a
recurrent stroke
is 30-43% within five years
Is this enough?
My mortgage is covered so I’m fine
• 61% of families do not have a life assurance policy in place
• 93% of families do not feel they have adequate financial protection
• 76% of single parent families with two or more children feel
financially under protected
• 87% do not have Critical Illness Cover
• 89% shun Income Protection
• 4 out of 10 families admit to being seriously affected by illness in the
past, but still do not have any policies in place
UK Life Assurance Statistics
Source: Moneysworth UK, Feb 2011
Evolution in the need for protection
19th Century
21st Century ??
20th Century
“ the first man who will live up to 1,000 years is probably already alive
now and might even be today between 50 and 60 years old ”
…and it is only going to get worse
Aubrey de GreyProfessor of Gerontology at Cambridge University
Increase public awareness
“If we take a late
retirement and an
early death, we’ll just
squeak by”
– Barbara Smaller
Source: www.condenaststore.com
www.condenaststore.com/-sp/If-we-take-a-late-retirement-and-an-early-death-we-ll-just-
squeak-by-New-Yorker-Cartoon-Prints_i8544683_.htm
FOR INTERMEDIARY USE ONLY
Thank you
If you’d like to know more, please speak to your Business Consultant
or take a look at pruprotect.co.uk/adviser
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