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Our Guaranteed Acceptance Plan allows you to leave your loved ones a cash lump sum on your death.
Cover starts from as little as 17p per day and as there is no medical you are guaranteed to be accepted as long as you are aged between 50 and 85 at entry.
Our rates are highly competitive and we accept both smokers and non-smokers*
Premiums can be as little as £5 per month. The maximum sum assured is £25,000.
If you die due to an accident, then you will be covered from day 1. And unlike some other companies, Kingston Unity guarantees to pay the sum assured after only 1 year of premiums being paid if you die from natural causes. If you die from natural causes before this then we will refund your premiums to your estate.
The following are sample quotations for a premium of £10 per month, age 50 at entry.
For full rates please click on the links on the right hand side of this page
*You should read the Product Guide, Key Features and Terms & Conditions of the plan. These contain important information including definitions of terms and exceptions where the sum assured will not be payable.
The plan has no cash-in value at any time. You should bear in mind that over time inflation will reduce the buying power of the cash sum payable on death.
For any further details on any of our products please get in touch:
A Guaranteed acceptance plan guarantees that in return for a fixed monthly premium you will receive a cash lump sum on your death.
Kingston Unity's plan guarantees to pay this lump sum, known as the 'sum assured' on death subject to the following:
There is no medical and as long as you are a UK resident aged between 50 and 85 at entry then we guarantee to accept you.
Depending on how long you pay your prmeiums for, its possible that what you pay in may be more than would be paid out when you die.
The plan is designed to pay out only on your death
Premiums vary, depending on your age at entry, your gender and whether you are a smoker or non-smoker.
We guarantee that your premium will never increase during the life of your plan.
The minimum premium is £5 per month and the maximum sum assured is £25,000
You can choose either the premium you want to pay, or the sum assured you would like.
The following examples show how much guaranteed lump sum your estate would receive if you were aged 60 at entry and paid a monthly premium of £20:
The plan has no cash-in value so if you stop paying premiums, before the age of 90, then your plan will stop and you will not longer be covered. You will not receive a refund of any premiums.
Once you reach the age of 90 your premiums automatically stop but your life cover will continue.
When you die the sum assured will be payable to your estate
We can still offer you a plan even if you are a smoker. Because there are some health risks associated with smoking, your level of cover will be less than if you were a non-smoker.
A smoker is defined as anyone who has smoked, used tobacco products or tobacco substitutes in the 12 months prior to the plan starting
You do need to be totally honest about whether you are a smoker, as if you do not give us accurate information then we reserve the right to cancel your plan andyour cover, and you will not receive a refund of premiums.
Under current legislation, which may change, the lump sum payout will not be subject to Income Tax or Capital Gains Tax.
However, depending on the size of your estate, the payout may be subject to Inheritance Tax unless it is written in trust.
You can take out as many plans as you like, as long as you meet the eligibility requirements and the overall sums assured of all your plans together does not exceed £25,000.
Your sum assured is fixed at the onset of your plan and it is not possible to increase or decrease cover within the plan.
However you could take out additional plans to increase your cover.
In some circumstances, the lump sum payable to your estate may be less than the total premiums you have paid in.
Yes, if death occurs at any time as a result of the following then there will be no payment made
The premiums are invested in the Kingston Unity With-Profits Fund which invests in a mixture of assets such as property, fixed deposits, shares and cash. Find out more »
This pack contains everything you need to apply for a Guaranteed Acceptance Plan for the over 50's. Please contact us if you need a specific illustration.
Rates for our Guaranteed Acceptance Plan - Female Non Smoker
Guaranteed Acceptance Plan - rates for female smokers
Rates for our Guaranteed Acceptance Plan - Male Smoker
Premium Rates for our Guaranteed Acceptance Plan for males non-smoking
© 2012 Kingston Unity | Printed from: www.kingstonunity.co.uk/products/guaranteed-acceptance-plan-for-over-50s/