Our interest rates have decreased or remained the same on:
- New business (Lifestyle Lump Sum Max and Lifestyle Flexible Option)
- Reserve Release (Lifestyle Flexible Option and Cash Reserve Option)
New Business
- All pre-sales illustrations produced on or after Wednesday 7th August 2019 will automatically be processed using the new interest rates
- All applications received on or after Wednesday 7th August 2019 will be processed as per the ‘personal quote summary’ submitted and based on normal Flex-Tool rules being applied. We will only accept personal quotes summaries dated 16.07 and 07.08.
Expired Cases
- If a case expires on or after Wednesday 7th August 2019, and a new offer is required, this will be issued on new interest rates.
Reserve Release Rates
Interest rates charged on reserve releases on the LFO and CRO have also changed.
| With inheritance guarantee | Without inheritance guarantee | |
|---|---|---|
| LFO | 4.12% | 3.95% |
| CRO | N/A | 3.95% |
- Reserve release interest rates are decreasing by 0.24%.
- The new rate will be used on all reserve release requests from Wednesday 7th August 2019.
- The interest rate will be based on the day the reserve release is requested, it will not be based on the day the money is paid/ released.
