Things you need to know

Here are a few more things that are important to understand about our 50+ Life Plan…

• You have the right to cancel your plan within the first 30 days and any premiums already paid will be refunded. If you cancel after this you will not receive any money as your plan has no value other than when you die.
• If you die of natural causes during the first 12 months we will only refund the premiums you have already paid.
• We hope you enjoy long life but if you do, the total you pay in premiums may be more than the amount payable on death.
• When you choose the level of cover you want, remember that inflation will reduce what could be bought with the payout.
• The payout will form part of your estate and may be subject to inheritance tax unless it goes to your spouse or civil partner, or is written into trust.
• If you were to die more than 90 days after an accident, it will be considered due to natural causes.
• We charge different premiums for men and women based on differences in the claims experience. You can find out more about this from the Actuarial profession website.