How much does the policy cost and how does it pay out?
You control the cost of the premiums; it is your choice how much you want to pay.
To get your free quote the only information normally required is;
- Your name
- Your date of birth
- How much you want to pay
You insurance provider will make a cash lump sum payment on death.
Who gets the money?
The money received can be passed onto beneficiaries or dependants and can be used to help pay for funeral costs etc. 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 your provider over that period. However, if death during the first two years is due to an accident, some insurers will pay the full cash lump sum.