PruProtect launches over 50s life insurance for Saga
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PruProtect has developed an over 50s life insurance plan for Saga which is offered on a guaranteed acceptance basis with no health questions or medical examinations.
The policy also includes fixed cover and premiums for life. Customers stop paying premiums at the age of 90 though the cover still continues.
Saga pays out the full cash amount after one year of taking out the policy and the product includes free serious illness and bereavement care for the family.
The insurance can also be used to help cover the costs of a funeral and offers an enhanced cover option where applicants who answer ’no’ to four additional underwriting questions receive free 15% additional cover.
Director of marketing and distribution for PruProtect Justin Taurog says: “Thinking about the future and how a family will cope should the unexpected happen is an extra worry but a simple plan can ease the worries of those concerned about passing on funeral costs and debts.”
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