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REVIEW SUMMARY

Friends Provident International - International Protector

Friends Provident International (FPI) has over 40 years of international experience and is part of the Aviva Group, which has a heritage that dates back over 300 years.

Friends Provident International is part of IFGL. IFGL provides investment, savings and protection solutions to international investors around the world and the group comprises RL360, RL360 Services, Ardan International and Friends Provident International.

With offices in Dubai, Hong Kong, Singapore and the Isle of Man, Friends Provident International have more than 700 staff worldwide and administers assets of £17 billion for over 230,000 customers (figures as at 31/12/2019).

Overview
FAQ
Customer Reviews
Expert Verdict

The International Protector is an international term insurance plan from Friends Provident International. 

Friends Provident International offer an 'International Protector Middle East' and an 'International Protector Asia' version.

International Protector Middle East is an award-winning protection product. It offers you peace of mind should the worse happen with a tailored protection solution to suit your needs. 

The options are:

  • International life insurance
  • International life or earlier critical illness cover and
  • International critical illness cover

You can choose from three different cover options: stand-alone life cover; stand-alone critical illness cover; life cover or earlier critical illness cover.

You also have the choice of level or decreasing term assurance depending on your circumstances.

Level term insurance may be right for protecting your loved ones in the event of your death and decreasing term may pay off a tapering liability such as a mortgage in the event of an unplanned occurrence. 

All the normal expat life insurance restrictions apply to this plan (such as territoriality changes, hazardous sports exclusions, cancellation of cover if premiums are unpaid or voiding if inaccurate information is provided).

It is important that professional, independent advice is sought when buying international insurance. 

Given the high level of commission its sale can produce for advisers, we recommend advice is sought from an independent financial planner who charges a fee for the advice given, and rebates you the commission, so you have peace of mind that no conflict of interest exists. 

Friends Provident International International Protector - Level or Decreasing International Term Assurance - key features and benefits:

Premiums -

1. Guaranteed premiums:

Premiums will remain the same for Life Cover and Life Cover with TPD. CIC premiums are guaranteed for the first 5 years. Meaning you can budget effectively as Life Cover premiums will never increase.

2. Monthly or annual premiums:

Premiums can be paid either monthly or annually. You can decide which frequency suits you.

3. Accelerated premium payment (APP):

For international professionals who prefer not to continue paying premiums throughout the policy term, the APP provides a range of payment terms.

Multi-currency:

Premiums and cover are available in US Dollars (USD), Sterling (GBP), UAE Dirham (AED) and Euro (EUR). You can choose a currency which suits and this will remain throughout the plan.

Single and joint life:

Single or joint life basis available. Offering financial security that your spouse is covered, should you choose joint life.

Cover available for any term:

Cover is available for any number of years, providing the client is under age 80 at the end or age 70 for Critical Illness cover. Cover can be tailored. So if a mortgage is for 25 years, Life Cover could have a 25 year term.

Level or decreasing term:

Both types of cover offer you a lump sum payment should you die. Decreasing Term provides a lump-sum at the time of claim that aims to sufficiently cover the outstanding liability on a repayment loan – ideal protection against your mortgage. You can choose cover to suit your circumstances.

Portability:

It's portable, which means you can take it with you if you ever decide to move.

 

The Pros

> Low cost
> Flexible
> Strong brand of parent company

The Cons

> More expensive than back home
What does Friends Provident International's International Protector life cover provide?

It will pay out to financially support your loved ones.

It provides financial support and peace of mind that your loved ones could survive financially.

What are the benefits of Critical illness cover (CIC)?

This comprehensive Critical Illness Cover by Friends Provident International provides adults protection against 35 different types of critical illnesses including cancer, heart attacks and permanent disabilities.

It also provides protection against 26 different types of illnesses and disabilities under the Children’s Critical Illness and Disability Benefit.

As a result, you can be confident that if you or your child becomes critically ill, you will be well taken care of. This allows you to focus on your health rather than worrying about your finances.

When does the Life or Earlier Critical Illness Policy pay out?

A cash sum is paid under the Life or Earlier Critical Illness Policy if you die or are diagnosed with one of Friend Provident International's list of defined critical illnesses - whichever happens first.

Offering financial protection for both scenarios.

Are there additional terminal illness benefits with the insurance policy?

Yes, it will pay out if you are diagnosed with a terminal illness. Included at no extra cost, for Life Cover policies with terms of 3 or more years and all Life or Earlier CIC policies.

You can spend quality time with your family, with the help of financial support.

Is there disability cover available as an add on?

An optional addition to Life Cover is Total and permanent disability benefit (TPD). It pays out if you are diagnosed with a TPD.

You would receive financial support, if you become totally or permanently disabled (you can learn more about it in the Life Cover or Life Cover and Total and Permanent Disability Benefit brochure below).

What does Friends Provident International's International Protector cost?

The cost of an insurance policy will depend entirely on your personal circumstances.

You should seek a personalised quotation.

Beware the risk of hidden commissions being added on by a financial adviser however.

Decent cover

I'm happy with the flexibility, portability, cost and cover. Would recommend it.

 

Good brand name

Happy to get good international insurance from a decent brand name. Feel secure with my choice for my family

 

 

Expert Assessment of the Friends Provident International - International Protector

In our view, it's unwise to purchase insurance from your bank and potentially risky to limit yourself to a domestic insurer in your current country of residence.

As a global insurer, Friends Provident International is a market leader in the provision of international term insurance. The International Protector is an excellent plan when professional, objective advice with regard to its inception and maintenance is sought.

However, there is the risk an adviser may add on hidden commissions so ensure you seek advice from a fiduciary. If you’d like a Second Opinion on your international portfolio, including your insurance products, request it here today.

Friends Provident International's Protector Middle East Brochure

Friends Provident International's Protector Middle East Guide

Friends Provident International's Protector Middle East Product Guide

Friends Provident International's Protector Middle East Budget Planner

Friends Provident International's Protector Middle East Payment Instructions

Friends Provident International's Protector Middle East Guide to Critical Illness

Friends Provident International's Life Cover or Life Cover and Total and Permanent Disability Benefit Policy Conditions

Life or Earlier Critical Illness Cover or Critical Illness Cover

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