engage Mutual : Over 50s Life Cover Plan

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 79

Benefits

• You choose the amount

• Level benefit basis

• Guaranteed to be accepted without a medical

• Life cover

• Premiums guaranteed never to rise

• 5 % discount for online purchase

• If death occurs within the first two years as result of an accident pays out 3 times the sum assured to a maximum 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

In years one and two cover is restricted to 150% of premiums paid up to the date of death

Option

Funeral funding £250.

Warnings

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.