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