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Funeral Funding Option

Our Funeral Funding Option is a free addition to your Over 50s Life Cover that will make arranging your funeral much simpler.

The Funeral Funding Option allows you to arrange a payment to be made directly from your policy proceeds towards your funeral expenses. Please remember Over 50s Life Cover is not a Funeral Plan and would not necessarily meet the full cost of a funeral.

£250 contribution* to your funeral costs

A £250 contribution* will be made towards your funeral costs by the Funeral Funding Option provider. This will go towards the cost of your funeral provided it is arranged through the Funeral Funding Option provider.

*Terms and conditions apply »

Adding the free Funeral Funding Option is simple

All you have to do is let us know you want to add what is called a 'Legal Charge' to your plan. This simply means all or part of the proceeds of your Over 50s Life Cover will be paid towards your funeral costs. Payment is made directly from your policy to the Funeral Funding Option provider at the time of settling the final bill.

When you apply for our Over 50s Life Cover we’ll ask you during the application process if you’d like the Funeral Funding Option and who you’d like the provider to be.

Click here to apply online ».

If your payout is different to the actual cost

If the sum assured is more than the cost of your funeral, your nominated beneficiary or administrator of your estate will need to claim the excess from OneFamily. However, if your funeral costs total more than your cover, your representative will be responsible for settling the balance with the funeral director at the time of arranging the funeral. It's worth bearing in mind that the average cost of a burial in the UK is £4,690**.

**Source: Research carried out by Brass, May 2014.

Make your personal wishes known

Included within this option is the chance to specify your wishes for the details of service. So you get exactly what you want and your family aren't burdened with the decisions.

Change your mind at any time

Our Funeral Funding Option is not irreversible. If you want to you can change your mind and remove the 'Legal Charge' from your plan. However, you may only be able to do this once and if it is removed, you may not be able to apply another Legal Charge in the future.

Important things to remember

You can only apply a Funeral Funding Option to one policy and to one provider at any one time. If you have multiple OneFamily Over 50s Life Cover plans please select carefully the one you want the Funeral Funding Option to be applied to. 
 
A Funeral Funding Option will take precedence over any nominations made against a policy. Once removed, you may not be able to apply a Funeral Funding Option to the same policy or provider in the future.
 
If you die within the first 2 years of taking out your policy, the Funeral Funding Option will not apply and the pay out will be made under the conditions of your plan. However, the £250 Contribution* towards the cost of your funeral will still be available if it is carried out by the Funeral Funding Option provider.

If you make a serious illness claim, the benefit payable to the Funeral Funding Option provider will reduce. In the event of a terminal illness claim then the money is paid to you and the policy closed, however the £250 Contribution* will still be offered by the Funeral Funding Option provider if they are providing your funeral services.
 
Please remember Over 50s Life Cover is not a Funeral Plan and would not necessarily meet the full cost of a funeral.

*Terms and conditions apply »

Frequently Asked Questions

Funeral Funding Option Terms and Conditions

Already have an Over 50s Plan with us?

Already hold Over 50s Life Cover with OneFamily? Simply add Funeral Funding Option to your plan.

Add to plan

New to OneFamily?

If you don't already have Over 50s Life Cover with us, you can find out more here.

Over 50s Life Cover Plus