These are the 'Key Features' of the MPFS
Life Assurance Plans

"Why should I read this document?"

The Financial Services Authority is the independent financial services regulator. It requires us, the Metropolitan Police Friendly Society, to give you this important information to help you to decide whether either of our Life Assurance Plans are right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference.

We want you to be comfortable that you understand the 'Key Features' of these products before you decide to proceed. If you do not understand something in this document, please feel free to contact us.

Its aims

• To provide the amount of cover - the death benefit - that you choose.
• To provide cover for the period you choose.
• To pay the full benefit if you die during the life of the policy (reducing benefit applies to the Mortgage Protection Plan).
• To pay the full benefit if you are diagnosed with a terminal illness (with less than 12 months to live - but not in the final 24 months of the plan (reducing benefit applies to the Mortgage Protection Plan).

Your commitment

• You must give us all medical and other information we ask for when applying for your plan and advise us of any material changes that occur after you complete your application form but before cover starts.
• You must make all the regular premium payments needed for the length of the plan.

Risks

• If mortgage interest rates rise above 10%, or if you miss any mortgage repayments, then there may be a shortfall in the death benefit under the Mortgage Protection Plan compared to the outstanding loan on your property.
• Benefit is only paid once under a joint life policy, on the first death, providing this occurs during the term.