RIAS : Over 50s Life Plan

Product profile

Description 

Pays out a guaranteed cash sum when you die and can help pay for your funeral.

Age

50 to 75

Benefits

• You choose the amount

• Level benefit basis

• Guaranteed to be accepted without a medical

• Life cover

• Premiums guaranteed never to rise

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

• If death occurs within the first two years  not as result of an accident, returns one and a half times the premium paid

• No medical or health questions

• Premiums cease at age 90 but cover will continue

Options

• 10%  extra with funeral benefit option

• Index linking

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.