ScotEq announces PTA contract details

The plan is a term assurance product which provides the same benefits as a normal life protection product, except premiums are subject to tax relief. It aims to help protect the policyholder and their family from the financial consequences of terminal illness or death by providing them with a cash lump sum, and will be sold exclusively through financial advisers. Scottish Equitable Protect says against a standard term assurance policy, a 40 year old non-smoking male taking out a LPTR plan over 20 years with a sum assured of £100,000 could save 10% on premiums if he were a basic rate tax...