Over 50s specialist insurance provider RIAS has launched a new over 50s life assurance policy providing guaranteed cover with a cash lump sum payable on death.
The Over 50s Life Plan offers customers between 50 and 75, guaranteed acceptance and can help pay for funerals that have risen 66% in price over the past seven years to an average of £2733. It is underwritten by Fortis Life.
Three times cash sum paid out if you die accidentally within the first two years
One and a half times premium back if you die for other reasons in the first two years
No premiums to pay after 90th birthday
10% extra with the funeral benefit option if using the proceeds of the plan to pay for funeral costs
Option to increase the cover every year to keep pace with inflation
Life insurance: News update: 7 June 2010