You may consider term life insurance if you want to secure larger sum assured than an over 50s plan to help cover an outstanding mortgage and/or other essential costs for your family.
However, the application includes questions about your health and lifestyle so these factors will affect your eligibility and the cost of your monthly premiums.
At Reassured, we can’t compare Co-op term life insurance, however we can compare multiple term life insurance quotes to see if this could be a good option for you.
Prices start from just £5 a month
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, so get in touch for your free quotes.
Co-op serious illness cover
This is an optional extra (similar to critical illness cover) that can be included with your policy for an additional cost. Serious illness cover pays out a lump sum if you develop a specified serious illness during the policy term.
Co-op will pay out for the following illnesses:
- Cancer - But not early stage cases
- Heart attack - Where your heart pumps less efficiently
- Multiple sclerosis - Persistent symptoms
- Stroke - Any which causes irreversible damage to your nervous system
- Brain tumour - Benign, requiring treatment or causing irreversible damage
- Dementia - Permanent symptoms
Your condition will need to meet the medical definitions that Co-op has in place, and you must survive 30 days from diagnosis.
This is a single pay out which cannot be less than £1,000, and the amount you will receive is age dependent:
- 18 - 44: Up to £350,000
- 45 - 49: Up to £275,000
- 50 - 70: Up to £125,000
Co-op funeral plan
Co-op offer pre-paid funeral plans to cover a range of burials, cremations and alternative send offs. These can be secured simultaneously or instead of life cover to fund your funeral in advance.
Reassured doesn’t offer funeral plans. However, we can help you secure over 50s life insurance which can contribute towards your funeral costs.
Simply contact us to see if we can secure you a competitive quote.