Introducing Over 50s Life Insurance
Club Together members always tell us that it’s their family that matters most. That’s why we’ve negotiated a special offer with Legal & General - the UK’s number one protection provider* - based on new individual protection sales in 2009 - that’s designed to give your loved ones a helping hand when you’re no longer around.
Created especially for people aged 50 to 80, Legal & General’s Over 50s Life Insurance Plans pay out a cash lump sum when you die. This is an affordable way to help cover funeral expenses, pay off outstanding bills or simply leave a nest egg for your grandchildren. And the good news is there is no medical or health questions, so you are guaranteed to be accepted, so long as you are aged 50 to 80 and are a UK resident.
There is a choice of 3 great value plans available and as a Club Together member you qualify for an exclusive offer that helps ensure you can leave behind a higher cash sum compared to the amount normally available to the general public, without paying a higher premium. So if you are a 64 year old woman paying £16 a month, a cash lump sum of £3,302 would be paid out, compared to £3,266 which would be offered to the general public. Plus, there’s another great offer for Club Together members: £50 M&S vouchers as a welcome gift!**
Reader Review
Find out what Club Together member, Sheila Mayne thought of Legal & General when we took her to quiz them about their Over 50s insurance plans! Take a look at her Reader Review
*Swiss Re Term and Health Watch Report 2010.
**See full terms and conditions on the ‘Apply Today’ tab
What do you want to do now?
THE FIXED PLAN
It’s easy to budget for because your payments will always stay the same.
From as little as £5 a month, the Fixed Plan is a simple way to give your family a helping hand. It's designed for those on a budget, as the monthly premiums are fixed so you'll always know how much you're paying. The cash sum payout is also fixed (according to your chosen premium) and can be used towards funeral expenses, unpaid bills or even as a gift to your family.
The Fixed Plan offers
- Guaranteed acceptance for those aged 50 to 80 and a UK resident, with no medical or health assessment when you apply
- Premiums start from just £5 a month and will never go up once you've taken out cover. The maximum premium is £50
- Get an extra £250 towards your funeral costs with the Funeral Benefit Option
How it works- Legal & General will pay your cash sum if you die two or more years after your plan starts.
- If you die within the first two years Legal & General will refund any premiums paid, unless you die as the result of an accident, when they will pay your cash sum. Terms and conditions apply. Please refer to the section 'What exactly does accidental death benefit mean' in the Policy Summary for more details.
- When deciding on the amount of cash sum you'd like, please consider that inflation may reduce its value.
- Depending on how long you live the total premiums paid could be greater than the cash sum paid out on death.
Get a Fixed Plan Quote or find out more
What do you want to do now?
THE INCREASING PLAN
Protect the cash sum you leave behind
From as little as £5 a month, the Increasing Plan is a simple way to give your family a helping hand. The cash sum pay out could be used towards funeral expenses, unpaid bills or even as a gift to your family. It offers some reassurance if rising costs are a concern. So if you want a plan that keeps in line with the cost of inflation, this could be just what you're looking for.
The Increasing Plan offers:
- Guaranteed acceptance for those aged 50 to 80 and a UK resident, with no medical or health assessment when you apply
- Premiums start from just £5 per month (your cash sum depends on your chosen premium).
The maximum premium is £50 - Get an extra £250 towards your funeral costs with the Funeral Benefit Option
How it works
- Your cash sum is reviewed each year in line with the Retail Prices Index (RPI). Your premium will increase by 1.5% for every 1% increase in your cash sum.
- Legal & General will pay your cash sum if you die two or more years after your plan starts.
- If you die within the first two years Legal & General will refund any premiums paid, unless you die as the result of an accident, when they will pay your cash sum. Terms and conditions apply. Please refer to the section 'What exactly does accidental death benefit mean' in the Policy Summary for more details.
- Depending on how long you live the total premiums paid could be greater than the cash sum paid out on death.
What do you want to do now?
THE INSURED FUNERAL PLAN
Ensure that your funeral costs are taken care of
The Insured Funeral Plan is designed to help cover the costs of a traditional cremation funeral, helping to take away the stress from your family at a very emotional time. It also offers some reassurance if you're concerned about rising costs. So if you want a plan that keeps up with the cost of inflation, this could be just what you're looking for. What's included in the Legal & General Insured Funeral Plan?
Your family will be in good hands
Legal & General have teamed up with Dignity to provide the Insured Funeral Plan. Dignity are one of the UK’s leading providers of funeral services, with a network of over 560 experienced funeral directors – many of whom have served their local communities for generations.
- More than 425,000 people have taken out a funeral plan with Dignity.
- In 2010, Dignity conducted 64,500 funerals in the UK*.
When the time comes your family will only have to make one phone call to Dignity to set your plan in motion. Your loved ones can rely on their expertise to ensure your funeral goes just the way you planned and they will be treated with all the care and compassion they deserve.
The Insured Funeral Plan offers:
- Guaranteed acceptance for those aged 50 to 80 and a UK resident, with no medical or health assessment when you apply
- Covers the cost of a cremation funeral, as specified in the plan, after two years
- Reassurance that your Insured Funeral Plan is keeping pace with inflation
How it works
- When you take out an Insured Funeral Plan you agree to 'charge' your plan to Dignity. Charge is the legal term, which means your plan value is paid directly to Dignity.
- The plan’s cash value starts at £3,145 and is reviewed each year in line with inflation, which is measured against the Retail Prices Index (RPI). This ensures the Insured Funeral Plan will always keep up with inflation rises year on year.
- Your premiums will increase by 1.5% for every 1% increase in your plan's value (in line with RPI).
- You can choose to decline this annual review at any time. If you do your plan's value and premium will remain fixed at that value. The value of the plan will still be paid to Dignity when you die, but only as a contribution and may not cover the full cost of the services in the Insured Funeral Plan.
- If you die within the first two years of your plan all the premiums paid will be returned. However, if you die as a result of an accident, then the full benefit will be paid. Terms and conditions apply. Please refer to the section titled 'What exactly does accidental death benefit mean' in the Policy Summary for details.
- Depending on how long you live the total premiums paid could be greater than the cash sum paid out on death.
What do you want to do now?
*Source: Dignity Annual Report and Accounts 2010
BEFORE YOU APPLY
When you buy any of Legal & General’s Over 50s Life Insurance Plans you must ensure that you read all the information including the Policy Summary. If there is anything you don't understand please contact Legal & General before you buy on 0800 197 4799 so that they can go through the application process with you over the telephone. Legal & General may record and monitor calls. UK call centres are open 8am-8pm Monday to Friday, 9am to 5pm Saturday.
Please be aware of the following points before you proceed to the application:
The information provided does not contain advice regarding whether the Over 50s Life Insurance Plans are suitable for you. The decision to take out the plan is yours and therefore it's very important that you:
Read the Policy Summary for details of what is and isn't covered by the plan.
Make sure the plan meets your needs.
Keep a record of the policy summary and check it from time to time to make sure that the plan is still suitable for you.
When you complete an application online, you'll be automatically accepted. You’ll receive the Policy Schedule and Policy Terms and Conditions shortly after. You'll also receive the cancellation notice within 7 to 10 working days. The cancellation notice gives you 30 days to change your mind about starting your plan. If you cancel within 30 days, any premiums you may have paid will be refunded.
The Fixed and Increasing plan policy summary
The Insured Funeral plan policy summary
Rates Table
If you would prefer to download a copy of the Application form and post it instead, you can do so here
(*Legal & General may record and monitor calls. UK call centres are open 8am to 8pm Monday to Friday, 9am to 5pm Saturday.)
What do you want to do now?
M&S Vouchers – Terms and Conditions
Whether you choose to take out one or more Over 50s Life Insurance Plans, if you take out cover before 31/12/2012 you’ll receive £50 M&S vouchers once Legal & General have received your first three months’ premiums.
Please read the terms and conditions below carefully before you apply.
Terms and Conditions:
- Take out cover before the 31/12/2012 and you will be eligible to receive the advertised gift.
- Legal & General reserve the right to cancel any plans or vouchers should they discover or suspect that the terms of the offer are being abused.
- If an Over 50s Plan provided by Legal & General has previously been cancelled they reserve the right not to supply a gift.
- Vouchers will be sent 30 days after collecting your first three consecutive monthly premiums. Please allow time for delivery. In some circumstances they may delay sending you a gift until we have received premiums equal to the value of the advertised gift.
- If an Over 50s Plan provided by Legal & General has been previously cancelled we reserve the right not to supply a gift.
- One gift per transaction.
- Legal & General staff are not eligible for this promotion. No cash alternative will be offered. Offer may be withdrawn at any time.
- All terms and conditions also apply to partners applying for this offer.
- Vouchers will only be issued if you apply directly to Legal & General. If you apply via a financial adviser you will not be eligible for the vouchers.
