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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).

Our Verdict
A Closer Look
FAQs
Customer Reviews

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

Friends Provident International offers two versions of this plan:

  1. International Protector Middle East and
  2. 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

Friends Provident International allows you to choose from three different cover options, these are: 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 needs.

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

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).

We would recommend getting professional guidance when buying international insurance. 

Given the high level of commission its sale can create 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:

FPI says that 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 also be paid monthly or annually. FPI gives you the freedom to choose.

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:

Covers and premiums can be in: US Dollars, Sterling, UAE Dirham and Euro. Once you choose a currency that suits your needs, this can be the currency you use throughout the plan. 

Single and joint life:

FPI offers single or joint life basis covers. 

Cover available for any term:

The 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. This cover can be cutomised. So, if a mortgage is for 25 years, the life cover can have a 25 year term.

Level or decreasing term:

Both types of covers offered by FPI provide you with an option of lump sum payment should you die. Decreasing Term provides a lump-sum at the time of claim that aims to cover the outstanding liability on a repayment loan. 

Portability:

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

NOTE:

We highly recommend reading the 'expert verdict' section of this review to learn why our team of experts gave Friends Provident International - International Protector 4 out of 5 stars.

Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:

  • Academic evidence only shared with a select few firms across the world
  • A real-life example of why you should never try to outguess the market
  • Why a fund's past performance is not enough to predict future returns
  • Why you need to focus on what you can control and why this leads to a better investment experience
  • Why you should accept the markets for what they are
  • What can impact behaviour and make people seek instant gratification

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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?

FPI's international cover provides financial support to your loved ones. 

It gives you peace of mind knowing that your loved ones could survive financially.

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

The critical illness cover offered by Friends Provident International provides adults protection against 35 different types of critical illnesses. 

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

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

The life or earlier critical illness policy pays a sum in case you die or are diagnosed with one of Friend Provident International's list of defined critical illnesses - depending on what occurs first.

Are there additional terminal illness benefits with the insurance policy?

Yes, FPI will pay a sum if you are diagnosed with any of the terminal illnesses listed.

This is included at no extra cost, for life cover policies with terms of 3 or more years and all of FPI's life or earlier CIC policies.

Does FPI provide disability cover available as an add on?

Yes, FPI does offer disability cover.

This is optional to your life cover. It pays out if you are diagnosed with a TPD.

FPI says that you would receive financial support, if you become totally or permanently disabled.

What does Friends Provident International's International Protector cost?

FPI says that the cost of an insurance policy will depend entirely on your personal circumstances.

They recommend you 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.

GET A SECOND OPINION

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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