Permanent Health Insurance
Stopping payments to your permanent health insurance plan
If you’re considering stopping payments to your plan, we’ll be happy to help. It’s important to note that once you stop paying into your plan, you can’t change your mind. Please be sure you understand the effect of any changes you make. There are a few things you should think about before you make any decisions. If you stop your payments, your plan will be cancelled.
If you have any questions once you’ve read this summary, or need any help understanding your options, just call us on 0345 640 1000, or +44 178 644 8844 if you’re calling from abroad.
We might record your call for training and quality purposes. To find out more about how we use your personal data please visit pru.co.uk/mydata.
How your plan works
This plan is designed to provide an income after a defined period of time if an accident or illness prevents you from working.
This plan has no cash in value.
Things to consider before stopping payments
You can stop payments at any time. You should think about how you would replace your income if you were unable to work due to an accident or illness and how long you might need this income for.
There are some important things you should consider before stopping payments:
- If you stop payments, your plan will be cancelled.
- There’s no cash-in value.
- Outside of an initial period your plan can't be restarted.
To restart your plan within the initial period you would need to pay any missed premiums and may need to complete a health declaration.
If you’re looking at a replacement plan, make sure it meets your needs and has the right level and type of benefits. If you’re replacing your plan with a new one, it’s important it’s started before you cancel your existing one.
Protecting yourself from investment scams
Fraudsters are always out there and constantly changing their tactics. So, take a minute to find out how to stay ahead of the scammers.
What to do now
Give us a call on 0345 640 1000 or +44 178 644 8844 if you’re calling from abroad.
We can’t give you advice or make your decision for you, but we’ll be happy to help you understand your plan and talk you through all your available options and their possible implications.
Alternatively, speak with a financial adviser - if you don’t have one, you can get details of financial advisers in your area at pru.co.uk. Financial advisers will charge you a fee for any advice they give you, but it will be personal to you.
We’re here 8am - 6pm Monday to Friday (except bank holidays) and happy to help in any way we can. Please make sure you have your plan number to hand when you call.
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"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.