Benenden Over 50s Life Cover is brought to you by the Friendly Healthcare Organisation Limited (a subsidiary of Benenden Healthcare Society Limited) and Engage Mutual Assurance who are the plan provider. Benenden Over 50s Life Cover can provide a cash lump sum for your loved ones. However, please remember that this is not a savings plan and only pays out when you die. The plan has no cash in value at any time.
Who can apply?
This plan is available to Society members and their friends and family aged 50-80 years (inclusive) and who are UK resident.
The plan is an affordable way to help your family financially after you’ve gone. The cash lump sum could go towards any outstanding bills, to help with funeral costs, or simply be something for them to remember you by. Inflation will, over time, reduce the value of the cash sum paid out on your death. The lump sum normally forms part of your estate and may be subject to inheritance tax.
5% discount on premiums
Benenden Over 50s Life Cover provides a 5% discount on the standard premiums, regardless of how you apply. You'll need a Benenden Healthcare Society membership number when you apply, so please have this handy. Friends and family of Benenden Healthcare Society members must quote the surname and membership number of the member who referred them.
How it works
In the first two years of the policy, if you die of natural causes, Engage Mutual will pay back your premiums plus half again. Or, should you die as the result of an accident in the same period, Engage Mutual will pay back either three times the life cover or £32,000, whichever is lower.
After the two year period, your loved ones will receive the chosen sum assured. Over time, inflation will reduce the buying power of the amount payable on your death.
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If you die...
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Engage Mutual pays...
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During years 1 and 2 of the plan
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150% of the premiums you’ve paid up to the date of your death
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Solely because of an accident in years 1 and 2
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Three times the level of cover you’ve chosen (to a maximum of £32,000)
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After the first two years of the plan
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The level of cover chosen
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If you stop paying
On your 90th birthday your monthly premiums will automatically stop, but your cover will continue for life. However, if you stop paying your premiums before the age of 90 your plan will stop, the cover will cease and you won’t get anything back. Depending on how long you pay your premiums for, it’s possible that what you pay in will be more than would be paid out when you die. All premiums paid are used to meet life cover and expenses.
Please make sure that you read the Policy Summary.
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Need help or information?
Call Engage Mutual 0845 270 5740*
Lines open Monday - Friday 8am - 8pm, Saturday 9am – 4pm (excluding public holidays)
Contact by post:
Engage Mutual Assurance
Gardner House
Hornbeam Park Avenue
Harrogate
HG2 8ZZ
