Promis Life Funeral Protection Review

Who are Promis Life?

Promis Life is a UK based life insurance distributor founded in 2011, offering life insurance products to consumers throughout the UK. These plans are underwritten by an international company with over 150 years experience.

The Funeral Protection Promis Plan from Promis Life is a tailored to those looking to help with funeral costs

promis life insurance

Do Promis Life offer funeral plans?

promis life funeral coverPromis Life does not offer prepaid funeral plans but the do offer ‘Funeral Protection Promis’ which is essentially funeral insurance (a life insurance plan). This type of plan pays out a cash sum when you die that can be used to help with funeral costs.

The Funeral Protection Promis Plan offers cover from £1,000 to £20,000 and you can choose to have your monthly premiums fixed or increasing. You are guaranteed to be accepted for the plan if you are a UK resident between the ages of 30 and 79 and there are no medicals or health questionnaires to pass.

Promis Life offer a ‘48 hour claims promis’ which ensures that upon death, the cash sum is paid quickly, which can be useful if looking to help with funeral costs. Promis Life funeral cover guarantees that once they have received the appropriate documentation to ensure the claim is valid, they will make the payment within 48 hours (2 business days).

If for whatever reason Promis Life fail to make the payment within these timeframes, they will pay an extra £100 on top.

How does the Funeral Protection Promis Plan compare to a funeral plan?

A prepaid funeral plan essentially does two things; it saves money as you are paying for your funeral service at today’s prices, therefore avoiding future inflation. It also saves your family from the upset and worry of arranging a funeral when the time comes; just one phone call to the funeral director and they will take care of everything.

With Promis Life Funeral Protection Promis plan, you pay a monthly premium in return for a cash sum that is paid out when you die. The cash sum can then be used to help with funeral costs. This means that the funeral costs may not necessarily be paid for (that all depends on the funeral costs versus the cash sum paid out) and your family will still need to make all of the funeral arrangements.

With the Funeral Protection Promis plan you can choose to have a fixed cash sum or one that increases, helping protect against the impact of inflation. Keep in mind though that due to funeral inflation, this may not be sufficient to cover the costs when the time comes. Also as you will be paying your monthly premiums until you are 90, there is a chance you could pay more into the plan than the cash sum paid out.

Updated 3rd October 2021
by Ashley Shepherd
Ashley Shepherd

Ashley is the founder and managing director at Over50choices. With over 30 years’ experience in financial services, he has held senior roles in building societies, banks and insurance companies.

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