For customer use
GUARANTEED 50 PLUS LIFE COVER
Because you’ve always tried
to give your family more
Want to know more?
Please talk to your adviser
1
Your family is amazing.
We protect you so you
can support them
Guaranteed 50 Plus Life Cover from
OneFamily is a quick, easy and
affordable way to leave a cash lump
sum for the ones you love.
2
How it helps families like yours
We understand how financial priorities change as you get older and how
important it becomes to leave some money that can be passed onto your
loved ones. Lots of people have told us that the main reasons they want to
leave a lump sum are to help pay for their funeral or to buy something special
for their family.
Helping towards funeral costs
We know that no one really likes to
think about it, but the fact is funerals
have to be paid for, and are really
expensive these days. So leaving a
lump sum to help pay for it means
you’ll be easing the financial burden
on those you love at what’s going to
be a very difficult time for them.
Please keep in mind though that a
Guaranteed 50 Plus Life Cover policy
isn’t a funeral plan, and might not
entirely pay for a funeral. So if that’s
what you’d want the money for,
please choose your cover amount
carefully; and bear in mind that
inflation will reduce the value of the
cash sum over the years.
Currently the average cost of a
- burial in the UK is
£5,446
1
- cremation in the UK is
£3,849
1
And the cost keeps going up,
year after year. The projected
average cost of a burial by
2045 will be
£15,607
2
Want to know how much the average funeral costs in your area? Please
ask your adviser about our funeral calculator, to see just how much
money your family might need to pay for your funeral.
Passing on something special
Your cash lump sum could also be put towards something really special for the
family: perhaps a grandchild’s future or a memorable family holiday. Whatever
you have in mind, the money could provide a wonderful legacy. It’s worth
noting though that the lump sum paid out normally forms part of your estate,
so could be subject to inheritance tax.
1
A study into UK Burial and Cremation Costs by Trinity McQueen March 2017.
This cost is based on an assumed annual rate of increase of burial cost of 4% per year.
This predictive cost should not be relied upon to estimate the precise cost of a burial.
2
3
Your family is unique.
So our life cover is too
Guaranteed 50 Plus Life Cover has a 5 star Defaqto rating.
This means it offers an outstanding range of benefits
and great value for money. Here are just a few of the
features and benefits that make it so special:
A guaranteed cash
lump sum
accident, we will pay out 150%
of the premiums you’ve paid.
Once you’ve paid into your plan for
two years or more, as long as you
keep paying your monthly premiums,
your family will get a guaranteed
cash lump sum when you pass away.
If you die as a result of an accident
within the first two years of your
policy, we will pay out three times
the life cover up to a maximum of
And if you die within the first two
years, and it’s not because of an
4
£48,000
Guaranteed acceptance
without a medical1
Funeral funding option – a
free addition to your cover
You’re guaranteed to be eligible as
long as you’re aged between 50
and 80 and a UK resident - even
if you smoke or have existing
medical problems.
If you decide to add our Funeral
Funding Option to your plan, it
means your cash lump sum will
go straight to your chosen funeral
provider to help pay for your funeral.
They’ll also add a £250 contribution
of their own, absolutely free, to
make your money go further.2
Simply choose the level of
cover that suits you and
your family
The cost of cover ranges from just
£10 a month up to £75 per month,
and the guaranteed lump sum your
family will receive depends on how
much you pay every month and your
age when the policy begins. For
example, if you paid in £10 a month
you might leave a few thousand
pounds, while if you paid in £50 a
month you could leave behind a
much larger sum. Your adviser will
be happy to talk you through all of
the options and recommend the
right amount of cover for you.
Our Funeral Funding Option
provides you with a choice of
funeral providers. By choosing one
now you’ll be taking a big decision
off your family’s shoulders at a
difficult time and because we can
release the money without having
to wait for probate – which can
take a long time - your family can
go ahead with your plans without
having to worry about the money
coming through.
Get an extra
£250
Once you choose your monthly
premium, we promise it will never go
up. Your cover will also remain valid as
long as you keep making payments;
though these stop when you reach
90, but your cover keeps going.
Just bear in mind that this isn’t
a savings plan, so if you do stop
paying your premiums before
you’re 90, your cover will end
and you won’t get any money
back. Depending on how long
your premiums are paid, you
could also pay more in than
the plan pays out.
contribution to
your funeral2
1
2
Subject to existing premium limits & cover.
T&Cs apply here. Please speak to your adviser for
more information.
5
Serious and terminal illness
cover as standard
Other policies of this type only pay out after you’ve gone.
But ours has a totally unique and very helpful difference:
once you’ve paid in for two years, it will pay out if you’re
diagnosed with a serious or a terminal illness.
20% pay-out for a
serious illness
100% pay-out for a
terminal illness
If you’re diagnosed with a serious
illness after two years, you can
claim 20% of your life cover to help
you through what might well be a
difficult time. Don’t worry though,
this still leaves 80% of your cover
intact, which you can claim if you’re
then diagnosed with a terminal
illness, or your family can claim
when you pass away. However, you
can only claim the serious illness
benefit once.
If you’re diagnosed with a terminal
illness after two years or more,
you can claim 100% of your cash
lump sum*. This would give you the
chance to decide how the money
should be spent and perhaps make
your life a little easier too, helping
you to enjoy your time left with
your family rather than worrying
about money.
13.9%
of people aged 50+
are living with a serious illness*
* Source: The ‘Serious Illness in the Over 50s’ report,
The International Longevity Centre-UK (ILC-UK) 2015
6
* If you’ve already claimed 20% for a serious illness,
you’ll only receive the remaining 80%. Once you have
claimed for terminal illness, the policy will end and you
will no longer be covered
Helpful support services
for the whole family
Once you become part of OneFamily, you and your extended family will all have
initial access to a wide range of practical, emotional, legal and health support.
All from trusted, independent providers.
Care Advice
Service
Arranging care involves
making some important
decisions. So it’s good to know that
you can get impartial advice from
the experts at Grace Consulting.
Their usual fee is £120, but when
you’re with OneFamily, their
initial advice on care at home and
sheltered accommodation, as well
as convalescent and residential
care, is absolutely free.
Legal Advice
If you’re faced with a
legal issue, we’re here
to help. We can arrange for Co-op
Legal Services to offer free initial
advice on a wide range of legal
issues, including buying and selling
your home, personal injury claims,
family law and employment disputes.
Health Support
If you become unwell,
it’s always good to be
able to talk to an
expert as soon as
possible. The specialist Health
Advisers at RedArc are there to
answer your questions, give you
practical advice, and may even be
able to arrange a limited course of
specialist health support.
Wills Service
Your will matters, and
should always reflect
your exact wishes.
So as a OneFamily
policyholder, you are eligible to
receive free advice from Co-op
Legal Services on issues like how to
update an existing will, and the need
for executors. They’ll also advise you
on how to make plans for events
such as becoming seriously unwell
or even disabled.
Estates and
Probate Line
Bereavement is one
of the hardest things
families ever face. With OneFamily,
your family will have the support of
free initial advice from Co-op Legal
Services. Not only will they receive
the emotional support they need,
this service also covers legal aspects
such as registering a death and
completing paperwork. They’ll also
tell your family whether they need to
apply for probate, and explain how
your estate should be administered.
7
A bit about OneFamily and our Foundation
We’re a bright and forward thinking financial services
business which takes pride in putting you and your
families first. After all, we’re owned by our customers...
and that includes you.
We’re a mutual, which means unlike other financial
services organisations, we don’t pay dividends to
shareholders. Instead, we use a percentage of our
profits to help our customers make a true difference.
That’s why every OneFamily customer can apply
for funding through our Foundation. That could be
a financial helping hand by way of a Personal Grant
up to £1000, or nominating local causes to win a
Community Award of up to £25,000.
Find out more at onefamily.com/your-foundation
Any questions?
Just talk to your adviser
We always want our customers to be happy with
their financial choices. So if you would like to know
more, just ask your adviser and they’ll be happy
to explain, advise or give you a no-obligation
quote for Guaranteed 50 Plus Life Cover.
OneFamily is a trading name of Family Assurance Friendly Society Limited (registered and incorporated under the Friendly
Societies Act 1992, registered number 939F). Registered in England & Wales at 16-17 West Street, Brighton, BN1 2RL, United
Kingdom. Family Assurance Friendly Society Limited is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and Prudential Regulation Authority.
Engage Mutual Services Limited (registered number 3088162) is a non-regulated wholly owned subsidiary company of Family
Assurance Friendly Society Limited. Engage Mutual Services Limited will introduce customers to The Co-Operative Funeralcare,
Golden Charter Ltd, The Co-operative Legal Services Limited, Grace Consulting and RedArc Assured Limited, none of which are
authorised or regulated by the Financial Conduct Authority or the Prudential Regulation Authority.
OneFamily Foundation Limited, registered number 09176069, is registered in England and Wales at 16-17 West Street, Brighton,
BN1 2RL, United Kingdom. OneFamily Foundation is not authorised or regulated by the Financial Conduct Authority or the
Prudential Regulation Authority.
23448 002 04.2017
8