Protected Funeral Payout Plan

What are the benefits of the new Protected Funeral Payout Plan?

The key benefit is that it's an affordable way to cover the full costs of your chosen funeral services. It also gives your loved ones a choice when the time comes. They can pick the funeral services, or opt instead for a cash payout – each option is guaranteed as long as you keep up with the monthly payments.

Key benefits:

• Choice of funeral services or a cash payout instead
• Guaranteed to cover the full cost of your chosen funeral services, even if costs rise
• Your monthly payments will never go up
• The amount of your cover increases every year

How will the new plan work?

You'll need to be aged between 50 and 80 years old to take out a Protected Funeral Payout Plan. There will be two plans to choose from and each one comes with a choice of funeral services or a cash payout instead.

Once you've chosen your plan, you'll pay one affordable monthly payment. After the first year your cover is guaranteed. Then when the time comes, your loved ones can claim on your policy and choose either the funeral services or the cash payout.

How is it different to a funeral plan?

The Protected Funeral Payout Plan is a life insurance plan rather than a funeral plan. Typically funeral plans are designed to cover the cost of a funeral only and there is no cash option. With some funeral plans the monthly payment increases over time, too.

The Protected Funeral Payout Plan offers a safe, affordable and flexible way to ensure your loved ones are not burdened with funeral costs when you die.

How much will it cost?

Prices start from just £11.37 a month. The exact amount you pay will depend on which plan you choose, whether you smoke, and your age when you take it out.

When will this new plan be available?

The new plan launches soon – watch this space!