Comprehensive protection for your clients needs

1
NEW
Comprehensive protection for your clients needs
Now with Critical Illness Cover
For Professional Adviser use only
2
Did you know..?
? You are 7 times more likely to suffer from a
critical illness before reaching age 65 than you
are to die
? 1 in 4 men and 1 in 5 women will contract
one of the illnesses covered by a standard
Critical Illness product before age 65
? Many critical illness victims make a full
recovery after a lengthy and expensive
treatment period
What would happen to your clients dependents if
they died, became severely disabled, or suffered
a critical or terminal illness?   How would the
family cope if they do nothing now to meet these
commitments? Sources www.7days.ae,
www.quotelifecover.com
For Professional Adviser use only
3
It wont happen to me.
Scenario In 1999, Rakesh started to experience
chest pains and shortness of breath. His doctor
suggested he have an angiogram, which indicated
that two arteries in his heart were substantially
blocked. Three weeks later he had a double
bypass operation.
As Rakesh had no critical illness insurance, he
struggled for the next five years to keep his
manufacturing business going. Meanwhile his
health deteriorated steadily and finally his
doctor advised him to stop work before his angina
killed him.
If Rakesh had had critical illness cover in place
in 1999, the lump sum paid out could have paid
off his mortgage, overdrafts and business debts,
all of which probably contributed to his stress
level and heart problems. In addition, Rakeshs
wife took time off work as a self-employed
hairdresser to be with him and to take him to
hospital appointments, and lost work and money as
a result. Some additional money in the bank at
this difficult time would have taken away some of
the stress and helped to keep the couple afloat
financially.
For Professional Adviser use only
4
Friends Provident claims paid year ending 2008
For Professional Adviser use only
Friends Provident Critical Illness Claims
Statistics 01/01/2008 to 31/12/2008 These figures
refer to the Friends Provident Group in the UK
5
Why your clients need protection
No-one likes to think about it, but we all need
protection against the financial consequences of
premature death or diagnosis of a terminal
illness, critical Illness or disability -
protection

• for your dependants

• for a mortgage

• for a business or

• to help mitigate potential estate duties.

Knowing that a suitable level of protection is in
place is hugely reassuring.
For Professional Adviser use only
6
Protection for a mortgage or loan

• In addition, cover can be arranged to
• repay any outstanding mortgage amounts
• buy a second property or holiday home
• pay off debts or credit cards

• Cover can also be used for repayment loans
• No need to change your cover if the
  mortgage/loan changes
• Additional sum available after the loan is
  repaid
• Fixed premiums which assist with budgeting
• Live Cover version

International Protector Middle East is wholly
portable, requiring only a new policy for any
increase in the mortgage amount.
For Professional Adviser use only
7
Protection for a business
Whatever key position your client holds within
the business whether they are a sole trader,
partner or shareholder, the loss of a
key employee could have a dramatic effect on your
clients business, damaging its financial status
and potential future profits.
International Protector Middle East can cover the
business needs of all your clients so that your
client can help to maintain the confidence of the
businesss employees, customers and creditors.
For Professional Adviser use only
8
International Protector Middle East

• is a comprehensive suite of protection products,
  offering the ability to combine
• ? Life Cover (with optional TPD at additional
  cost)
• ? Life or Earlier Critical Illness Cover and
• ? Critical Illness Cover
• within one plan, for up to two lives assured.

The cover level and period of cover can be
altered, and new types of cover added (subject
to underwriting) as protection needs change.
For Professional Adviser use only
9
International Protector Middle East - product
features

• Life cover, Life or Earlier Critical Illness
  Cover, and Critical Illness Cover within one plan

• The most comprehensive range of critical
  illnesses on offer in the Middle East

• Single and Joint Life plans available

• Terminal Illness Benefit

• Optional Total and Permanent Disability
  Benefit to supplement Life Cover

• Wide choice of currencies US dollars,
  dirhams, sterling and euros

• Terms from 5 to 35 years (1 year for
  Life Cover paid by annual premium)

Choose the package to suit your clients needs
For Professional Adviser use only
10
Why Friends Provident International Limited?
We assess your health when you apply for cover.
Once accepted, (assuming full disclosure), we
will pay out a claim if the illness meets our
policy definition
The Friends Provident Group is a major,
widely-respected provider with 175 years of
protection experience, supplying Critical Illness
cover in the UK since 1991
The average critical illness payout for the
Group in 2008 was over US82,000 The largest
payout was more than US696,000
87 of our Critical Illness claimswere paid out
in 2008 thats US50 million
Friends Provident won the 2008 Gold Standard for
Protection for the 6th year running.
Figures shown are for the Friends Provident Group
in the UK amounts are shown as US equivalents.
US Exchange rate used 1.392
11
What does it cost?
Here are some examples of how much cover US100 a
month could buy your expat clients.
Non-smoker aged 35, 25 year term

• This would earn you the following in commission
• US2,040.50 for Life Cover, and Life Cover with
  TPD versions
• US1,700.42 for Life Cover with CIC, and CIC
  versions

For Professional Adviser use only
12
What does it cost?
Here are some examples of how much cover US100 a
month could buy your expat clients.
Smoker aged 45, 10 year term

• This would earn you the following in commission
• US1,749.15 for Life Cover, and Life Cover with
  TPD versions
• US1,457.62 for Life Cover with CIC, and CIC
  versions

For Professional Adviser use only
13
What support do we provide?

• Quotations disk

• Underwriting guide

• Medical requirements calculator

• Sales aids

• Local underwriting expertise

• Simplified anti-money laundering requirements
  for premiums up to US420 per month/US5,000
  per year (or other currency equivalent)

For Professional Adviser use only
14
Contact us for details
For further information about acceptable
nationalities, illnesses we cover etc.,
please contact your Friends Provident
International Regional Sales Manager or our
Dubai office at
Friends Provident International Limited Emaar
Square, Building 6, floor 5, PO Box 215113,
Dubai, UAE Tel [phone] Fax [phone]
0144 email DubaiSales_at_fpidubai.com
For Professional Adviser use only
15
Important Notes
International Protector is only available to
non-UK residents. Any personal tax liability
will depend on your country of residence and your
personal circumstances. The gross plan
proceeds will be paid in the event of a claim.
Any liability to tax will be dependent on your
personal circumstances. Under current
legislation there is no liability to UK income
tax or capital gains tax at any time under the
Plan. Tax legislation may change.
For Professional Adviser use only
16
Protecting the things you value most