Helping you do more 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.
Final cost of funeral
| £3,250 |
| Less cash sum payout | -£1,500 |
| Less the Contribution from The Co-operative Funeralcare | -£250 |
| Balance to pay | £1,500 |
Please be aware that as the cash sum and the additional £250 Contribution from The Co-operative Funeralcare is fixed, and paid at the time of the funeral, inflation will reduce its value over time.
Further information about Funeral Benefit Option can be found
here.
If you change your mind
You can remove the Funeral Benefit Option at any time, or should your loved ones choose to use a funeral provider other than The Co-operative Funeralcare or want the cash sum paid to your estate, they can remove the Option when you die. If you decide to cancel the Funeral Benefit Option, the £250 additional Contribution from The Co-operative Funeralcare would no longer apply.
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:
- You would like to add Funeral Benefit Option to your Plan
- You confirm that it will be the only insurance policy that you have added Funeral Benefit Option to, provided by The Co-operative Funeralcare
- You should read all the information about the Funeral Benefit Option before applying
- You understand that the proceeds of your Plan may not cover the full cost of the funeral
- You’ll receive a Welcome Pack from The Co-operative Funeralcare
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.