One Family is the new name for Engage Mutual; there contact number is 0800 085 0400 for existing customers.
The One Family Over 50s Life Cover plus plan is a whole of life insurance plan that works in a similar way to other plans on the market but with a few exceptions.
In addition to guaranteeing to pay a cash lump sum when you die, you get the option to claim the full amount in the event of a terminal illness or 20% if you become seriously ill.
The One Family Over 50 Life Insurance Review is a guide to help you understand the features and benefits of the plan, options available and things to consider. Do make sure you read, understand and are happy with the terms and conditions of any plan you decide on
Why Choose One Family Over 50s Life Cover Plus
Whole life insurance that is guaranteed to pay out a cash lump sum on death
Guaranteed acceptance with no medical or health questions
Flexibility to claim the full cash sum in the event of a terminal illness
Flexibility to claim 20% of the cover if you become seriously ill
Cash payout is tripled if death is due to an accident
Premiums from £8 to £75 a month
Full cover after 2 years - if you die within this initial period 150% of your premiums would be refunded
Access to One Family Support Services
Monthly premiums stop when you reach 90 but cover continues
Non smokers are rewarded with higher levels of life cover
UK residents between the ages of 50 and 80 are eligible
5% discount when you buy online
Free Funeral Benefit Option
The One Family Funeral Funding option is an additional free service that gives you the chance to increase your level of life cover by a further £250, in return for your agreement that when the time comes, the cash sum will be paid directly to The Co-operative Funeralcare as payment towards your funeral expenses.
Do keep in mind that your family may still need to help with funeral costs when the time comes; it all depends on the size of the cash sum paid out. If however the cost of the funeral is less than the cash sum, the outstanding balance will be paid to your estate.
The cash sum paid out is fixed so inflation will reduce its value over time
If you stop paying your premiums, the cover will cease and no money will be paid out
The cash sum usually forms part of your estate and therefore could be subject to inheritance tax
There is a chance you could pay in more than the cash sum paid out; it all depends on how long you live
You wouldn’t be covered for the full cash sum if you died within the first 2 years, however 150% of the premiums paid would be fully refunded
One Family Partners
One Family provide the over 50 insurance plans for Staysure, the Over 50s insurance and financial services specialists. Details online are limited and plans are purchased over the phone.
Additional One Family perks
When you buy a One Family Over 50 Life Cover Plus Plan you have free access to a range of support services which includes care advice for the elderly, advice on Will writing, bereavement and legal matters and the One Family Health Support Service; support and advice following the diagnosis of a serious or terminal illness.
Compare One Family Over 50s Life Cover