Overview
Rising prices affect everything from your household bills to how much you pay for your daily pint of milk. The 50 Plus Protector Plan is life cover that grows every year. It provides a way of leaving your loved one's a cash gift that offers some protection against the effect of rising prices. It's provided by AXA Sun Life, trading as Sun Life Direct.
Why choose the 50 Plus Protector Plan?
| Your Plan |
- As long as you are aged 50 to 75 and a UK resident, your acceptance is guaranteed.
- As your monthly premiums increase each year, the cash sum will also grow.
- We’ll pay the full cash sum on your death as long as you’ve been paying into the Plan for at least two years.
- If you die before then, we’d pay back all the premiums paid, plus half as much again.
- You need to keep paying in every month until age 90, or death if earlier, as if you stop paying, your plan would end and you wouldn’t get anything back.
|
|---|
| Your monthly premium |
- Starting premiums range from £7 to £74 a month.
- Your monthly premium will increase each year by 5% of the starting premium you choose.
- Your monthly premiums will increase for a maximum of 20 years and premiums stop altogether at age 90.
- The premium will never be more than double your starting monthly premium.
|
|---|
| Your cash sum |
- The cash sum will increase by 5% of the starting cash sum each year until your death.
- Your cash sum will continue to grow for as long as you live.
- Depending on how long you live, the cash sum paid out could be less than the total premiums paid in.
- The value of the cash sum paid out on your death may be reduced by inflation. This will happen if the total of all the annual increases in the cash sum payable on your death, do not cover the effect of inflation
|
|---|
| PLUS |
- The first month’s premium is free.
- You can choose a gift to welcome you to the Plan.
- AND apply by phone or online before 2nd October 2010 to receive an additional gift of a £25 Marks & Spencer voucher.
|
|---|
This website contains information on how the 50 Plus Protector Plan works. As the website does not contain advice, you need to be satisfied this type of policy meets your needs. If you are unsure and need advice, please visit www.unbiased.co.uk to find an Independent Financial Adviser in your area - you may have to pay for the financial advice provided. Alternatively, if you have any questions about the plan, you can call us on 0800 904 7674.
