What is life cover?
Life cover is an arrangement with an insurance company where you make regular payments, called ‘premiums’, to the company and in return the company promises to pay out a sum of money when you die. People take out life cover because they want to leave some cash for their loved ones when they’re gone.
There are two basic types of life cover – ‘Whole of Life Cover’ and ‘Fixed Term Life Cover’. Sun Life Direct products are provided by AXA Wealth Ltd. Whole of Life Cover will last for the rest of your life. So the cash sum will pay out on your death whenever that comes.
Fixed Term Life Cover lasts for a specified number of years, called the ‘term’. As the life cover stops completely at the end of the term, the cash sums available with Fixed Term Life Cover plans are much bigger than with Whole of Life Cover plans for the same monthly premium.
0800 904 7674
Mon-Fri: 8am-8pm Sat-Sun: 8am-5pm
Over 50 life cover
If you’re over 50, you might be thinking of leaving some money for loved ones to remember you by, or to help towards funeral costs. Our Guaranteed Over 50 Plan pays out a fixed cash sum on death and you pay a fixed premium each month, so you’ll always know where you stand.
Guaranteed Over 50 Life Cover >
Term Life Insurance
If you’re aged 18 – 59, you might want to have life cover in place to protect your family for a certain number of years, so that if you die unexpectedly during that time some money will be there for them. Sun Life Insurance offers terms of 10, 15, 20, 25, or 30 years and premiums start from just £5 a month. There are no medical checks - provided you can answer ‘no’ to 5 eligibility questions, you can be covered.
Sun Life Insurance – Find out more >
If you’re over 50, you may want to do something to help directly with your funeral arrangements and ease the burden on your loved ones. With Simple Choice Funerals you can use life cover to pay directly towards the cost of some cremation funeral services with The Co-operative Funeralcare to ensure you have some funeral plans in place. Alternatively, if you are over 18 you could pay for your funeral plan in one lump sum.
Funeral Plans – Find out more >
AXA Wealth Ltd is the provider of your policy and trades as Sun Life Direct. AXA Wealth Ltd is a company limited by shares and the registered office is at 5 Old Broad Street, London EC2N 1AD (registered in England, No. 01225468). AXA Wealth Ltd is authorised and regulated by the Financial Services Authority and is entered on the Financial Services Authority's register (registration No.119201 www.fsa.gov.uk/register/home.do). The address for communications is PO Box 446, Bristol, BS99 1DR. Tel: 08458 35 36 37. As part of Sun Life Direct's commitment to quality service and security, telephone calls may be recorded. If you choose the Funeral Benefit Option, Funeral Plan or Funeral Assist, the funeral services are arranged and provided by The Co-operative Funeralcare which is not authorised or regulated by the Financial Services Authority but is a registered provider with the Funeral Planning Authority.
Copyright © 2013