Synergy Life Insurance

Updated: Every six months. Details correct at the time of publication - October, 2008.

Synergy Financial Products Limited has built up an enviable reputation for product design, innovation and professional administration. Authorised by the Financial Services Authority, Synergy offers a range of products including Synergy life insurance (also known as ‘Synergy life assurance’ or ‘Synergy term assurance’) provided by Prudential.

Known as Synergy Protect, the Synergy life insurance product pays a cash lump sum during the policy period if the person insured dies or is diagnosed with a terminal illness where the predicted life expectancy is less than 12 months. In addition, the company has a life insurance with critical illness cover option where payouts are made if the person insured develops a critical illness listed in its policy definition and survives for at least 14 days after diagnosis. Children’s critical illness cover is included automatically.

It is possible to make dual life applications with Synergy life insurance. Instead of issuing a single policy that only pays out once, Synergy issues each person their own full individual plan for the full amount that each has selected.

There are also a number of loyalty discounts with Synergy Protect. For those with life, critical illness and income protection insurance a loyalty discount up to 5% may apply from the beginning of year two on a sliding scale up to a maximum of 52.5% from the start of year 16.