Many policies provide not only protection but also investment. The principle here is that the premiums that are paid in respect of the policy are invested in order to benefit the policyholder or other beneficiary at a certain point in the future.

| Western Welsh Financial Services is a trading name of Western Welsh Mortgage Services Ltd., which is authorised and regulated by the Financial Services Authority. Western Welsh Mortgage Services Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 313805 |
| The FSA does not regulate all forms of the products or services we provide. |