Accelerator Option with PruProtect
Get the cover you need with a lower initial premium. And keep it low by living a healthy lifestyle
When people are dealing with the cost of getting a mortgage and moving house, they often feel that Life Cover and Serious Illness Cover stretches
their budget too far. But while they might have less disposable income at
that time, they often have more to protect – children, a new home, cars, furniture and appliances bought on credit.
Some people choose to compromise on the amount of cover they buy to bring the cost within their budget. That means they’re not getting the cover they need. Others choose not to get protected at all, preferring to wait until their earnings go up. They take the risk of something happening to them before then, or not being able to get cover later on if their health gets worse.
Accelerator allows you to get the cover you need, now – even if your budget is stretched.
• When you first take out cover, we reduce your premiums by up to 23%.
• After that, you could keep your premiums low* by living a healthy lifestyle or they could rise by up to 3% each year to make up for the low start.
• You can change to fixed premiums at any time.
*With the Essentials Plan the increase will always be 3% each year
Here’s how Accelerator can help:
You start with lower premiums
When you first take out cover, we reduce your premiums by up to 23%. This means you pay less when your budget is stretched. This could be when you’re younger, possibly on a lower salary or meeting the costs of getting a mortgage and moving house.
After that, your premiums rise by 3% each year to make up for the low start After this low start, your premiums rise gradually in the same way you might expect your income to rise. There are two ways your premiums can increase. You can choose to have them:
Whichever you choose, your premiums rise on your plan anniversary – that’s the anniversary of the day you started your cover. Accelerator allows you to pay much less when money is tight, and increases your premiums when it’s more likely you’ll be able to afford it.
You can change to fixed premiums at any time
If you decide that you’d rather switch to paying level premiums, you can do that whenever you want. We can either fix your premium where it is and we’ll reduce your cover, or you can keep the same amount of cover and we’ll work out your new premium.
With PruProtect, you get more than just cover
Our healthy living programme, Vitality, helps you to live life well – and save money at the same time. When you use Vitality to get healthy, we give you money off your premiums. You could even earn rewards too. The more you take part, the more you get back. money at the same time. When you use Vitality to get healthy, we give you money off your premiums. You could even earn rewards too. The more you take part, the more you get back.
And because you can make the most of Vitality from day one, you always get something back from your cover – even if you never make a claim. We’re the only protection insurer to do anything like this.
If you’ve got a PruProtect Plan, Vitality can even keep your premiums low*
(Not available on the Essentials Plan)
Unlike other insurers who just assume that your health gets worse as you get older, we can look at your Vitality status and charge you a premium that reflects your health – not the average person’s. With Accelerator, if you reach Silver or Gold in a particular year, your premiums will increase by less than 3% on your next plan anniversary. If you reach Platinum status, your premiums won’t increase at all. So, with enough effort, you won’t just start paying a lower price – you’ll stay paying a lower price. We’re the only protection insurer to offer anything like this.
*If you choose the Essentials Plan you still get all the benefits of the Vitality programme (excluding the premium discounts).
See how you can keep your premiums low by leading a healthy lifestyle with our PruProtect Plan.