FamilyLIFE+
What is FamilyLIFE+ and how can it protect me?
FamilyLIFE+ is a unique whole of life policy with a fixed benefit designed to provide peace of mind for you and your family at an affordable price. You can insure yourself, your Spouse/Significant other, your parents or the parents of your Spouse/Significant other, plus your children, subject to a maximum of 12 insured persons. Children under age 18 are free to add to the policy. You can choose a benefit level depending on your needs of £2,000, £3,000, £4,000 or £6,000. The cover is guaranteed for as long as premiums continue to be paid to the Insurer and until the lastof the insured persons die. Many life assurance policies take months or even years to settle claims, which means that individuals can be under financial pressure from costs arising from the bereavement of a family member. FamilyLIFE+ claims are settled within 48 hours.
What are the main features and benefits?
Simple
· Automated online 5-step purchase process.
· No medical questions.
· 4 benefit levels.
· Monthly premium paid by direct debit via your Credit Union (if available) or your Bank.
Quick online sales process
· Guaranteed Cover if you are under 70 and resident in the UK when added to the policy.
· FamilyLIFE+ claims settled in 48 hours of receipt of the required documentation.
Affordable
· Available from as little as £2.00 per person per month.
· Children under age 18 are added for free.
· Any individual member who is not insured or is under-insured in respect of life cover.
· Anyone who meets the above eligibility criteria.
· Anyone who has finished working and no longer has death in service benefit insurance.
· Anyone who has death benefit through their employer but may require supplementary cover for their extended family.
· Anyone with life assurance seeking a faster, simpler pay-out for their loved ones during a stressful period when financial liquidity is critical.
Who can take this cover out?
To apply for a policy you must:
· Be aged 18 years or over and under 70 years (individuals over age 70 can contact
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for a quotation).
· Be resident in the UK.
How much does it cost?
FamilyLIFE+ cover starts from as little as £2.00 per person per month. Your monthly premium will depend on:
· the benefit level chosen.
· your age at the date you apply for cover.
· the amount of people you decide to add to your policy and their ages at the date you add them to the policy.The available options and related premium rates are shown in the table:
Will my premium rate increase?
A lifetime guarantee that the premium rate will not increase as the insured family member gets older unless a change in taxation or legislation materially affects your policy.
How can I arrange cover?
To arrange cover you can call us on 1890 907101 or log onto your Credit Union website or click here to obtain a quotation, review the Policy Summary & Customer Information Document and the Policy Document, and, if the policy meets your needs, purchase cover.
How can I make a claim?
In the event of a claim please contact our FamilyLIFE+ Policy Administration Team on 0870 1433504 – theywill help you through the claim process and register it for you. They are available from 8am to 6pm Mondayto Friday and 9am to 1pm on Saturday (lines are not open on public holidays). Please be aware of the following policy exclusions:
Waiting Period:
· A six-month waiting period applies to each insured person. Each insured family member is fully protected after the initial waiting period, with all individuals covered for Accidental Death during this waiting period.
Policy Exclusions:
· Suicide within 2 years of the date cover commences.
· Deaths that occur outside the Geographic Area* except where the insured person is on holidays with documented intention to return home within 30 days.
· Deaths arising from involvement in criminal activity.
· Deaths arising from war, terrorism or nuclear reaction.
· Accidental deaths resulting from participation in a riot, drug abuse, parachuting or sky diving or flying other than as a passenger or crew member of a commercial airline.
· Please note that this overview does not contain the terms and conditions of the FamilyLIFE+ policy – these can be found in the Policy Document.
* Geographic Area means Western Europe (i.e. Ireland, UK, France, Germany, Belgium, Netherlands, Luxembourg, Italy, Spain, Portugal, Austria, Switzerland, Denmark, Sweden and Norway), North America (i.e. United States of America and Canada), Australia and New Zealand.