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Friends Provident International introduce USD based term assurance (12/11/2004)
Friends Provident International have extended their range of life assurance products by introducing USD and Euro based term assurance policies.
The policies, whose premiums rank amongst those with the lowest in the offshore market, can be used for several purposes that include:
Family Protection
Have you stopped to think about what would happen to your loved ones if you were to die? Term assurance provides the peace of mind of knowing that your family has an appropriate amount of protection to help them survive financially without them.
Loan Protection
The USD based plan can be used to protect loans and mortgages denominated in the US Dollar or any pegged currency - such as the UAE Dirham. Similarly, the Sterling and Euro based versions can be used to protect loans in the UK and Europe respectively.
Business Protection
Whether you are a Sole Trader, Partner or Controlling Shareholder, the plan can be used to mitigate any debts and/or liability on your death leaving your estate and/or share in the business to the people you want to benefit from it.
Death Tax Planning
Are you aware that your beneficiaries are likely to be liable to pay death duties on your estate? Term assurance policies can be written outset your estate and used to offset your estates potential death tax liability.
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