KEY FACTS

PART 1 - IMPORTANT INFORMATION

ITS AIMS
(a) To provide a tax free guaranteed sum in the event of the death of the life assured whenever it occurs.

YOUR COMMITMENT
(a) You agree to pay a regular premium, e.g. monthly, throughout life.
(b) If you stop paying the premiums at any time the Funeral Expenses Plan will stop.
(c) If you cash in your policy during the later years you are unlikely to receive as much as you have paid in.

RISK FACTORS
(a) Legislation may change to affect the tax exempt fund.
(b) Your circumstances may change, forcing you to cash in early.
(c) If you stop paying premiums the life cover will stop.

WHAT IS THE "FUNERAL EXPENSES PLAN"?
The plan is a whole life assurance, which pays a guaranteed sum assured on death whenever it occurs, of the life assured.
Your premiums are paid into a tax exempt fund, with the exception of the tax credit on dividends, which can no longer be reclaimed.

HOW WILL IT WORK FOR ME?
Details of how the plan will work are contained in the illustration, which is available on request.
This leaflet and the tables will answer some of your questions; please ask your advisor if you have any other questions.

WHAT HAPPENS IF I STOP PAYING PREMIUMS?
In the first 10 years the policy will lapse without value.
After the tenth year you can cash it in but the amount you may get back will be less than you have put in.

WHAT ABOUT PROTECTION FOR MY DEPENDANTS?
In the event of death the surviving spouse (or nominated dependants) is entitled to receive a tax free lump sum equivalent to the guaranteed sum assured.

PART II - FURTHER INFORMATION

CANCELLATION RIGHTS
After your proposal is accepted you will receive a notice of your right to cancel. You will then have 30 days in which to change your mind.

PREMIUMS
Premiums are usually paid monthly. Missed premiums could mean that your policy may lapse with no life cover or cash value.

CHARGES
The charges, expenses and other deductions used in this guide are at current levels. They could vary in the future.

TAX
The fund is exempt from all taxes under current legislation. The proceeds of the policy are free from tax when payable on death. The current tax position could be altered in the future.

CASHING IN
You can cash in your policy whenever you like after the tenth year, but you should remember if you cash in you may get back less than you paid in.

PAID UP VALUES
If you stop paying premiums, any time after the tenth year you may apply for a free "paid up" policy or surrender value.

LAW
In legal disputes the Law of England and Wales will apply.

LEGISLATION
All or any of the benefits, the premiums, or the policy conditions may be adjusted as deemed appropriate
if there is any change in Law or taxation affecting the policy
if any levy is imposed on the Society under statute or statutory authority as a consequence of any amendment to General Laws. Notice would be given of any such adjustments.

QUERIES AND COMPLAINTS
For further information or if you wish to complain about any aspect of the service you have received, please contact the Society. If a complaint is not dealt with to your satisfaction you can then complain to the Financial Services Ombudsman, South Quay Plaza, 183 Marsh Wall, London E14 9SR, or telephone: 020 7964 1000. Making a complaint will not prejudice your right to take legal proceedings.

COMPENSATION
Information on compensation arrangements is available from the Society on request.

Authorised & Regulated by the Financial Services Authority.