50 Plus plan top five FAQs
Our top five most frequently asked 50 Plus plan questions.
Here are the top five most frequently asked questions we've been asked about our 50 Plus plan.
If you have a question that is not answered below you might like to search our interactive FAQs.
What am I covered for?
Our plan is designed to provide a one-off payment when you die. This cash could be used to help pay for funeral expenses, any loans or bills you may still have to pay, or perhaps to leave as a gift for your loved ones.
How much cover can I have?
It depends on your age, your sex and the level of the premium you select. The maximum cover you can apply for is £25,000. If you have more than one 50 Plus plan, the maximum cover is for all your plans added together. The amount of cover included in your plan is fixed and so is the premium. We promise that we’ll never reduce your cover. When you are deciding how much cover you need, don’t forget that as the cost of goods and services goes up, the cover in your plan will stay the same. This means that the same amount of money is likely to buy less in the future.
How much do I pay?
This depends on your sex, your age and the amount of cover you choose. The minimum premium is £5 a month, and the maximum is £100. If you have more than one 50 Plus plan, the maximum premium applies to all your plans added together.
Can I apply?
You can apply if you’re:
• permanently living in the UK and
• between 50 and 80 years old.
Can I increase my cover after my plan starts?
No, you can’t increase your cover under this plan. However, you can take out more than one 50 Plus plan with us if you want to, as long as your total cover for all your 50 Plus plans isn't more than £25,000 and the total amount you pay in isn't more than £100 a month. Also to take out a new plan you'll still need to be aged 50-80 and be a UK resident.
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