Family Group Funeral Plan
Family Group Funeral Plan
Why do I need the Red Rose Group Funeral Plan?
Are you able today to pay for the cost of a £3000 or
higher funeral if a family member died?
This unique plan enables you to remove that worry
The death of a family member is very sad and stressful for those left behind. Funeral arrangements have to be made and questions arise as to how everything is to be paid for. The answer is simple, start a Family Group Funeral Plan now to cover the costs so you do not have to worry.
Key Points
- Up to 6 people can be named on the policy
- These generally are the member, his /her spouse or partner, two children and two of the four possible (member’s and spouse’s) parents.
- You choose the death benefit value to be covered and the monthly premium to be paid. The policy remains in place so long as the main member pays the premiums.
- Benefits are paid on the death of any of the covered lives.
- On payment of the benefit for anyone other than the member, the deceased’s life can be replaced by any other family member satisfying the definition.
- The member may nominate a replacement on
- the death of one of the lives assured
- the break up of a relationship with the spouse/partner
- a child reaching the age of 26 or
- a child marrying
- children become ineligible to receive benefits on attaining age 26 (The member should contact the Company for advice in this circumstance)
- The policy is cancelled if the member paying the monthly premium fails to do so.
- The policy has no surrender value at any time.
- The policy has an 18 month waiting period before benefit can be paid on the first death. Premiums must have been paid in full.*
- Benefits are paid in this period in the event of accidental death
- An infant can be placed on the policy from age 1. The 18 month wait rule then applies. *
- Permanently disabled children are covered up to the age of 26. The 18 month wait rule applies. (The member should contact the Company for advice beyond this age)
- Should the member paying the premium die the policy will continue with the remaining lives covered so long as the monthly premium payment is continued. The deceased’s life can be replaced in accordance with family membership mix. (The member should contact the Company for advice in this circumstance)
- The policy is not profit earning *
- The policy is non–qualifying. The member may need to pay tax on benefits subject to status *
| Benefit Cover | Premium per Month |
|---|---|
| £2000 | £11.98 |
| £3000 | £17.97 |
| £4000 | £23.96 |
| £5000 | £29.95 |
| £6000 | £35.94 |
| £7000 | £41.93 |
| £8000 | £47.92 |
| £9000 | £53.91 |
| £10000 | £59.90 |
The rates cover 6 family members on the policy.
- There is a maximum age at entry of 70 for the member, the member’s spouse and their parents.
- Enquire for the cost of any alternative age or member mix.
- Premiums could be subject to review.
The Claim Procedure
The detail is in the Terms, Conditions and Key Features document and is available from Red Rose Friendly Society Limited. The process leading to the cheque being sent to settle the claim is simple, efficient and timely.
The Family Group Plan is subject to certain conditions which have been clearly marked with an asterisk. There is an 18 month waiting period. If the regular monthly premiums are not up to date, the policy will be cancelled. Any overdue premiums will be deducted from the benefit payment.
* Restrictions apply
