Life Membership Plan

Joining the Oddfellows family

Following a vote at our Special General Meeting (SGM) on Saturday, 14 November, Kingston Unity Delegates have voted in favour of the Society joining with Oddfellows Manchester. 

While your Life Membership Plan will transfer to Oddfellows, the terms and conditions of your plan will remain exactly the same. If you would like more information about this, you can contact us. Alternatively, you can learn more about the merger here.

More information about your Life Membership Plan

Low-Cost Life Cover

Your Life Membership Plan is designed to provide you 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.

Additional Benefits

Your Life Membership Plan offers a range of additional benefits at no extra cost 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.

Mutual Ethos

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.

Additional benefits at no extra cost

When you took out your Life Membership Plan with Kingston Unity, you were 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

Your money is protected by the Financial Services Compensation Scheme

Important Information

This product is now closed to new business due to Kingston Unity’s transfer of engagements to Manchester Oddfellows.

While your Lifetime Membership Plan will transfer to Oddfellows, the terms and conditions of your plan will remain exactly the same. If you would like more information about this, you can contact us. Alternatively, you can learn more about the merger here.

Please Note: You must confirm you have read the key facts, before downloading this document.

Key Facts about our services and costs

1. The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it.

2. Whose products do we offer?

We offer products from the whole market

We only offer products from a limited number of companies

We only offer our own products

3. Which service will we provide you with?

We will advise and make a recommendation for you after we have assessed your needs.

You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.

We will provide basic advice on a limited range of stakeholder products and in order to do this we will ask some questions about your income, savings and other circumstances but we will not:

  • conduct a full assessment of your needs;
  • offer advice on whether a non-stakeholder product may be more suitable.

We can only offer products from Kingston Unity Friendly Society. These products will enable you to:

  • protect yourself and your loved ones in the event of death
  • save and invest with the added benefit of protecting yourself and your loved ones in the event of death
  • provide benefit cover in the event of sickness

4. What will you have to pay us for our services?

Normally, if you buy a financial product direct from us, there will be no payments such as commission or fees payable. If there are any commission or fees payable, we will tell you how we get paid and the amount before we carry out any business for you.

5. Who regulates us?

Kingston Unity Friendly Society, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and .the Prudential Regulation Authority. Kingston Unity Friendly Society’s FCA Registered Number is 110056.

Kingston Unity Friendly Society permitted business is advising and arranging life assurance and pensions business.

You can check this on the FCA’s Register by visiting the FCA’s website www.fsa.gov.uk/register or by contacting the FCA on 0845 606 1234.

6. What to do if you have a complaint

If you wish to register a complaint, please contact us:
…in writing Write to Kingston Unity Friendly Society, Complaints Department, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ. …by phoneTelephone (01924) 240164

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

7. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Most types of insurance business are covered for 90% of the claim with no upper limit.