Extra Shareholder Benefits
If you are aged 50 – 85, we are happy to offer a simple and affordable way to help you leave something for your loved ones when you're no longer around. And what’s more as a Santander UK Shareholder you can enjoy extra benefits.
The Guaranteed Over 50 Plan, provided by AXA Sun Life and brought to you by Abbey, is a life insurance plan designed to pay out a fixed cash sum on death after two years. AXA Sun Life is the UK's leading life insurance provider for plans of this type* and has more than 650,000**policyholders.
*Whole of life plans sold directly to the public. Source: ABI statistics, Jan - June 2008
**As at 16th July 2008
Life insurance needn't be a hassle. The Guaranteed Over 50 Plan makes it easy to leave a fixed cash sum for your loved ones when you die, which can be used as a cash gift or to help towards funeral costs. Premiums start from £7 a month - that's just 23p a day.
As a shareholder you can enjoy up to 5% more cover for your money than most new customers. This means you’ll leave a larger fixed cash sum. Also if you were to die in a travel accident, or within three months as a result of your injuries, we’d pay out four times the fixed cash sum. Most new customers receive three times the fixed cash sum, which means you could get a third more.
Applying could not be easier. Provided you're aged 50-85 and a UK resident you're guaranteed to be accepted
Why choose the Guaranteed Over 50 Plan?
- Guaranteed acceptance with no medical – as long as you’re aged 50-85 you’re guaranteed to be accepted – no health questions asked.
- Fixed cash sum – Providing you keep paying your monthly premiums for life, a fixed cash sum is guaranteed on your death after you’ve had the Plan for two years – if you die in the first two years, all the premiums paid will be returned, plus half as much again. Please bear in mind that as the cash sum is fixed, inflation will reduce its value over time.
- Affordable monthly premiums – from £7 a month, that’s just 23p a day. You can choose any premium from £7 to £74 a month, as long as the fixed cash sum is no more than £20,000.
- Peace of mind – your premiums will never go up, and your cover will never go down. You just need to make sure you choose a premium you feel comfortable with, as if you stop paying your cover will end and you won’t get anything back. Depending on how long you live you could pay more in premiums than the cash sum paid out.
- Quadruple travel accident death benefit – from day one if you were to die as a result of a travel accident or die within three months from injuries sustained in the accident, four times the fixed cash sum would be paid out.
PLUS
- Careline 24 hour support – you’ll be given access to Careline, a professional health information helpline 24 hours a day, 365 days a year.
- First month's premium free – you won't have to pay a premium in the first month, whichever premium you choose.
- Welcome gift – you’ll get a welcome gift when you take out a Plan. You can choose from a DAB digital radio, a Freeview box or £30 Marks & Spencer vouchers*.
*Gifts are subject to availability and in the event of your chosen gift not being available, a similar alternative will be offered.
If you are interested in taking out a Plan, you may want to take a look at the Rates Table to see examples of the life cover available for a range of ages and monthly premiums. Please remember to read all the information, especially the Terms and Conditions including the Policy Summary and Key Facts about our Insurance Services, before deciding whether to apply.
Is this Plan right for you?
The information provided explains how the Guaranteed Over 50 Plan works. It does not contain advice, so you need to be satisfied this type of policy and the amount of life cover you proceed with meets your needs. If you are unsure and need advice, you can call AXA Sun Life on 0800 904 7630 and one of their friendly, trained advisers will be available to help. They can only advise on the life, pension and investment contracts made available through AXA Sun Life Services plc. Alternatively, please call 0800 085 3250 or visit www.unbiased.co.uk to find an Independent Financial Adviser in your area.
Important information
Terms and Conditions including the Policy Summary
Key Facts about our Insurance Services
Rates Table
Related links
Click here to return to the main homepage