Over fifties insurance has become more popular in recent years as funeral costs are continuing to rise¹ and people don’t want their families to have to take on the financial burden. They may also be thinking about taking care of any outstanding bills or debts.  

Your clients can leave a small legacy for their loved ones with our Over Fifties Life Plan or an amount to help cover any costs that may arise. It’s flexible enough for the payment to be used as they wish. With premiums starting from £5 a month, the insurance can be an affordable and fast way to arrange protection. A cash lump sum is paid when they die, if the cover started at least two years ago, and this can help make life easier for those left behind.

Over Fifties Life Plan features

• Guaranteed acceptance – Your clients will be signed up in minutes; there’s no need to answer lengthy medical questions. If they’re aged between 50 and 85, we guarantee to give them cover².
• Protected benefit – With our protected benefit, your client’s cover could continue if they can no longer pay their premiums. Our cover supports affordability in later years and protects against the risk of them being left without any benefit, despite paying premiums for many years. We offer a pro-rata pay-out as long as half of the premiums due between the start of the plan and their 90th birthday have been paid.
• We’ll pay up to £10,000 of your client’s valid claim amount in advance towards the cost of a funeral. This can provide financial assistance when their family need it most.
• Increasing option – You can even give your clients the choice to help protect themselves against the effects of inflation with the option to increase payments in line with the Retail Prices Index (RPI), up to a maximum of 10%.
• Accidental and early death cover – If your client were to die in an accident in the first two years of their cover, we’ll pay out three times their sum assured. We would also refund their payments and add an extra 50% if they were to die from any other cause in the same timeframe.

Writing into trust

Your clients may want to consider writing in trust using one of our range of trust forms. This means that money paid out can get to the people they want to benefit more quickly. It also means that the policy is not subject to probate process.

In short, our Over Fifties Life Plan can give your clients a simple way, with a short online application, to provide financial support to their loved ones when they are no longer around – with guaranteed acceptance. To find out more, download our sales aid or visit our dedicated webpage. Alternatively, you can contact our Business Development Team on 0345 600 6829.

¹www.thisismoney.co.uk/money/bills/article-6992653/Dearly-departed-cost-dying-7-heres-guide-cut-funeral-bills

²Maximum age for smokers is 81. Must live in the UK, Channel Islands, Isle of Man or Gibraltar.