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Over 55's life cover
The Over 55's Life Cover plan brought to you by Nationwide and provided by AXA Sun Life plc is an easy way for you to leave something for your loved ones.
Why choose the Over 55‘s Life Cover plan?
For a fixed premium each month, the plan provides life-long reassurance and a cash lump sum when you die. This could be a nest egg for your children, grandchildren or help towards funeral costs.
- a fixed cash sum paid out in death after the first 2 years
- guaranteed life cover for people aged 55 to 75
- no medical and no health questions
- a sum equal to one and a half times the premiums paid should you die in the first two years
- premiums starting from £6 a month
PLUS
- your first month's premium is free.
- you can choose a gift of a £25 voucher to welcome you into the plan
- you'll have access to Careline, a confidential health information line
Please note:
- The fixed cash sum pays out on death after two years provided you keep paying the premium every month until 90.
- If you don't continue to pay the premiums the plan will end and you won't get anything back. Depending on how long you live, you might pay in more than the cash sum paid out.
- The maximum fixed sum is £20,000.
An Over 55's Life Cover plan is right for you if..
- you want a lump sum to pay out in the event of your death.
- this may be a nest egg for children or grandchildren
- or to contribute to funeral costs.
- you don't want to answer any questions about medical conditions
An Over 55's Life Cover plan is not right for you if..
- you don't want to pay premiums until you are 90.
- you are happy to answer medical questions and/or have a medical which may result in a cheaper premium elsewhere.