1. Protect75 – how does it work?
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FOR FINANCIAL ADVISER USE ONLY – NOT TO BE DISTRIBUTED TO RETAIL CLIENTS
A client invested £100,000 into the Secure Advantage+ Pension Plan. They linked a Protect75
benefit to their entire investment in the Plan.
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The customer passed away when he was aged 71. During the time he held the Plan the customer
had taken Income Withdrawals of £10,000 from his Plan. At this point, the fund value is £60,000.
Investment
£100,000
Fund Value £60,000 Fund Value £60,000
Withdrawals
£10,000
Withdrawals
£10,000
Protect75
£30,000
Day 1 Death before age 75
Without Protect75
With Protect75
Paid as a
lump sum
Already paid
out
Paid either as a
lump sum or
Dependant’s
pension
Protect75 is available at an additional charge – a fixed percentage of the amount the client links to the Protect75 benefit.