Life Membership Plan
Life cover with a difference
A little help along the way
Our Life Membership Plan is a simple way to provide a Guaranteed Lump Sum for your loved ones when you die. This cover could help pay towards funeral expenses, outstanding bills or just to leave a financial legacy when you are gone. The plan is a whole of life plan where you pay a fixed premium for the life of the plan and it pays out a Guaranteed Lump Sum when you die.
Low-Cost Life Cover
Our Life Membership Plan is designed to provide our Members with the option of life cover at an affordable premium. Your premiums are set at the start of your plan and will never increase as you get older.
Our Life Membership Plan offers a range of additional benefits at no extra cost to the Member such as an Interest Account and a Medical Account which can be used to claim back medical costs such as dental, medical and optical expenses.
Our mutual ethos means our Members are our shareholders. This has been the bedrock of our society for over 178 years. As part of this, every three years your plan receives a valuation and any surplus profit is shared back to you.
Reasons why a Life Membership Plan could work for you:
- Cover for life – Lifelong protection from the moment your plan starts.
- Available to all ages – Our Life Membership Plan is available to UK residents from 16 to 70 years of age.
- Affordable fixed regular premiums – Simply choose how much you want to pay at the start of the plan and your premiums will never rise.
- Peace of mind – The plan pays out a Guaranteed Lump Sum when you die at any age.
- Additional Life Cover for your partner – Should your married/civil partner die before you, you’ll receive a Guaranteed Lump Sum upon their death.
Please remember that this plan doesn’t have a cash value at any time and if you stop paying your premiums your plan will end and your cover will stop.
Additional benefits at no extra cost
When you take out a Life Membership Plan with Kingston Unity, you are given access to additional Membership Scheme benefits. These include a Medical Account and Interest Account. The money in your Medical Account can be used to claim back medical costs such as dental, medical and optical expenses. The money in your Interest Account can be used to make cash withdrawals when you need it.
Any profits made from the Membership Fund, where your premiums are invested, are distributed back to you via your Medical and Interest Accounts.
Your Questions Answered
The more commonly asked questions about our Life Membership Plan
Other Important Information
Is this product right for me?
This Life Member Plan aims to meet the demands and needs of an individual who wants to leave a cash lump sum to their loved ones when they die by paying a fixed regular premium for your entire life. This is a whole of life plan that only pays out on death as long as all premiums have been paid.
As Kingston Unity is not able to provide advice, the information provided is there for you to make an informed decision about this product. We are unable to determine if the Life Membership Plan is appropriate for you, so if you are unsure of its suitability, please speak to an Independent Financial Adviser (IFA). You may be charged for this advice.