Benenden Healthcare: Benenden Healthcare Over 50s Life Cover

Product profile

Description

Pays out a guaranteed tax-free cash sum when you die. To leave money to your family or help pay for your funeral. A handy way to help take care of some of the financial considerations your family may be faced with when you die.

Age

50 to 80

Benefits

• You choose the amount

• Level benefit basis

• Guaranteed to be accepted without a medical

• Life cover

• Premiums guaranteed never to rise

• If you die because of an accident during the first 2 years of your plan, insurers pay 3 times the level of cover  chosen (to a maximum payout of £32,000)

• No medical or health questions

• Premiums will cease at age 90 but cover will continue

• Free advice on elderly care from care advice experts Grace Consulting

• Bereavement Advice Centre - free service

Not covered

If you die within the first 2 years of your plan insurers pay 150% of the premiums  paid up to the date of your death - not your full level of cover.

Option

Funeral funding with Co-operative Funeralcare

Warning

In some cases there may come a point when the premiums paid will exceed what would be paid out on death. The lump sum paid out may be subject to inheritance tax unless the policy is written in trust.