Prudential is slashing its rates for critical illness cover and life insurance, with the new rates applying to new customers only. Existing customers will pay their current rates.
For example, a 40-year old male non-smoker wanting 100,000 level life cover for 20 years would have had to pay a 17.08 monthly premium. This has been reduced to 12.99.
Prudentials mortgage protection plan, a 40-year old male non-smoker would have paid 11.24 a month, compared to the new rate of 10.19.