Guaranteed Five Year Savings Plan

As an example, under this plan a regular premium of £50 per month (£600 per year, £3,000 in total) will be guaranteed a return of £3,050 after five years.

This is effectively your total premiums paid PLUS a month’s premiums.

NOTE: For all plans that began before January 1st 2017 the guaranteed return in the example above will be £3,100.

You can see in the graphic below an illustration of the returns.

The table shows what you would get back if you had to cash your plan in early.

The early years

When the Guaranteed Five Year Savings Plan reaches the end of the five year period we will contact you to make arrangements for you to receive the maturity value. You can cash in the Guaranteed Five Year Savings Plan completely at any time for a ‘surrender value’ but you may get back less than you paid in. We will not permit partial surrenders.

On taking money out of the plan there may be tax implications.

How to take your money out

To surrender/cash-in a plan please call us on 01689 891454 to discuss the options available to you. You can also email us and we will contact you.

• You can cancel for a full refund within 30 days of receiving your policy documents.  Simply contact our Member Services team on 01689 891454 or email [email protected] 
• If you wish to stop or cancel your plan after this, remember this type of plan is fixed and penalties may apply. Our friendly Member Services team will be able to discuss your options.

• we do not offer or give financial advice.
• we do not make any form of commission.
• the cost of providing verbal or written information about this product is included in our overall expenses.

Metfriendly, Central Court, Knoll Rise, Orpington, BR6 0JA

Phone: 01689 891454 

Email: [email protected]

• a new plan automatically begins each year
• after five years your plans begin to pay out every year
• ideal for regular yearly expenses such as their annual holiday, Christmas or the start of the school year.
• you can opt out of the Rolling Plan at any time.

Rolling Plan Example

This example shows how you may set up a Rolling Plan to get a pay-out every January to help with Christmas credit card bill.

• you begin a Rolling Five Year Plan in January at £20 per month.
• each subsequent year you begin another plan at £20 per month.
• after five years you will have five plans running for a total premium of £100 per month.

• after five years your first plan will mature paying you a GUARANTEED £1,220 in good time to help you with the Christmas credit card bill.
• early the following January your second plan will mature paying you another GUARANTEED £1,220 – Christmas sorted again!
• and every January thereafter you will receive a pay-out for as long as you wish to carry the Rolling Five Year Savings Plan on.

To take out a Rolling Plan tick the relevant box in the application form.

Taking one out means that we will send you a new policy schedule each year, along with a cancellation notice giving you the option not to proceed with any further plans.