If you would like your Guaranteed Over 50 Plan to help towards your funeral costs, then you might be interested in adding the Funeral Benefit Option. If you add Funeral Benefit Option, the cash sum from your Plan would be paid directly to The Co-operative Funeralcare when you die. When the time comes, The Co-operative Funeralcare Funeral Director will deduct the cash sum directly from your final funeral bill, giving one less thing for your loved ones to worry about at a difficult time.
An additional £250 off your funeral bill
What's more, if you choose the Funeral Benefit Option, as a thank you for choosing The Co-operative Funeralcare to perform your funeral, they will take an additional £250 off the final cost of your funeral, helping your loved ones even more when the time comes.
How the Funeral Benefit Option works
The cash sum you leave from your Plan will be deducted from the final cost of your funeral, along with the extra £250 Contribution from The Co-operative Funeralcare.
If the cost of your funeral is less than the cash sum and the £250 Contribution combined, any balance will be paid to your estate.
If the cost of your funeral is more than the cash sum and the £250 Contribution combined, the person arranging your funeral would need to pay the balance to The Co-operative Funeralcare Funeral Director at the time of making the arrangements. For example, if the final cost of the funeral with The Co-operative Funeralcare is £3,250 and the cash sum payable on death is £1,500, The Co-operative Funeralcare then take off a further £250 and the balance to pay would be £1,500.
You may have several Over 50s Life Cover Plans or similar products, from either Sun Life Direct or another insurance provider, but you can only add Funeral Benefit Option to one plan. This includes any over 50s life cover plan you may have with another provider.
About The Co-operative Funeralcare
The Co-operative Funeralcare is the UK’s leading Funeral Director† with almost 1,200 Co-operative owned Funeral Homes across the country, and over 70 years’ experience in arranging funerals.
Please note that with the Funeral Benefit Option you are not securing any particular products or services for your funeral (provided by The Co-operative Funeralcare), but you will have the opportunity to record any Personal Wishes you may have with them. When the time comes, The Co-operative Funeralcare Funeral Director will discuss your Personal Wishes with your loved ones and work with them and the funds available to give you the funeral you would like.
Information about applying
Please note, a section of the online application form will ask you if you’d like to choose Funeral Benefit Option. If you choose it, you’ll need to agree to a declaration which appears towards the end of the application. The declaration confirms that you agree to the following:
If you’ve read through and are happy with all the information about the Guaranteed Over 50 Plan and the Funeral Benefit Option, simply apply online to get your own personal quotation.
Alternatively you can apply by calling 0800 904 7674.
After applying, you’ll receive the Guaranteed Over 50 Plan documents from Sun Life Direct and If you select Funeral Benefit Option, The Co-operative Funeralcare will send you a Welcome Pack containing all the information you need, including your Personal Wishes form so that you can make any specific requests.
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**Kindle, Amazon, and the Amazon Kindle logo are trademarks of Amazon.com, Inc. or its affiliates. Kindle devices are given away by Sun Life Direct. Amazon EU Sarl is not a sponsor of this offer.
††The testimonial used is from a genuine Sun Life Direct Guaranteed Over 50 Plan policyholder and the original can be inspected at Sun Life Direct’s Bristol office giving 24 hours notice. The photo is posed by a model to protect the policyholder's identity.
†The Co-operative Funeral Home List January 2012. As at 16th Feb 2012 there are 1,185 Co-operative owned Funeral Homes.
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"The Plan will probably be used to pay for my funeral. I've got no savings so it will go some of the way to help towards it. I knew there were other Plans but after reading about them all, I thought that this Plan would suit me the best. I was surprised that I could get affordable life cover."A. Roberts††
Did you know that the average cost of a funeral rose by 71% between 2004 and 2012?
More on Funeral Costs >
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.
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