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Over 50s Life Insurance FAQs
What is the aim of the plan?
To provide you with life insurance cover that pays out a cash lump sum in death
What is my commitment?
Your commitment is to pay a regular monthly premium throughout your life or until your 90th Birthday
How much will I pay for over 50 life insurance?
You choose how much cover you would like. When your plan starts, your cover will stay fixed during the whole of the life policy so you know exactly how much will be paid out
How will inflation affect my policy?
Inflation will, over time, reduce the buying power of the cash lump sum paid out on your death. This is because, as the cost of goods and services goes up, your cover will stay the same and therefore the same amount of money will buy less in the future
What ages can be covered in the over 50s Plan?
As long as your are over 50 and younger than 80 you can get cover through our exclusive product with Prudential
What do I need to understand about the Plan?
The Plan has no cash-in value at any time, so if you cancel it you will get nothing back.
If you were to die within the first two years, the plan will only pay you a refund of the total premiums you have paid Prudential over that period. However, if death during the first two years is due to an accident, Prudential will pay the full cash lump sum. For the avoidance of doubt, suicide attempted suicide or self inflicted injury leading to death will not be considered to be an accident
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