These are the 'Key Features' of the 10 Year Plus Savings 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 decide if either of the metfriendly 10 Year Plus Savings Plans is 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

Endowment Plan:

• To provide a lump sum at the end of your chosen term.
• To provide a death benefit during that period.
• To provide a guaranteed minimum payment - called the "Sum Assured" - on maturity or on death during that period.

Whole Life Plan:

• To provide a lump sum at the end of 10 years.
• To provide a death benefit during that period.
• To allow you the option of leaving the money accumulated in the plan invested with the Society until you choose to cash it in.

Your commitment

Endowment Plan:

• You agree to save a regular monthly sum by salary deduction or direct debit for the chosen term.

Whole Life Plan:

• You agree to save a regular monthly sum by salary deduction or direct debit for 10 years.

Risks

• Your circumstances may change, forcing you to cash in early.
• If you cash in or stop paying premiums in the early years, then you may not get back as much as you pay in.
• Our charges may be higher than illustrated.
• What you get will depend on investment performance - returns may be lower than illustrated.

Its aims

Endowment Plan:

• To provide a lump sum at the end of your chosen term.
• To provide a death benefit during that period.
• To provide a guaranteed minimum payment - called the "Sum Assured" - on maturity or on death during that period.

Whole Life Plan:

• To provide a lump sum at the end of 10 years.
• To provide a death benefit during that period.
• To allow you the option of leaving the money accumulated in the plan invested with the Society until you choose to cash it in.

Your commitment

Endowment Plan:

• You agree to save a regular monthly sum by salary deduction or direct debit for the chosen term.

Whole Life Plan:

• You agree to save a regular monthly sum by salary deduction or direct debit for 10 years.

Risks

• Your circumstances may change, forcing you to cash in early.
• If you cash in or stop paying premiums in the early years, then you may not get back as much as you pay in.
• Our charges may be higher than illustrated.
• What you get will depend on investment performance - returns may be lower than illustrated.