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Life coverWith BUPA Life cover you are safe in the knowledge that in the unfortunate event of your death we will pay a cash lump sum¹, unless you choose Family Income Benefit in which case a regular income will be paid for the remaining term of your membership. Both options provide you with peace of mind that your dependants will have help towards their financial security. Also included is terminal illness cover² which will allow payment of the benefit if you are diagnosed with a terminal illness with a life expectancy of no more than 12 months.
Who can apply?If you are aged between 18 and 74 and live in the UK you can apply for BUPA Life cover. You don't even need to be in paid employment to apply.  Level of cover available and how much it will costYou decide on the level of benefit you need. If you are a homemaker or not in paid employment the maximum benefit available to you is up to 2.5 times your partner's salary. The level of your subscription depends on the amount of cover you request and the period over which you want your cover to last and other factors such as your medical history and occupation. The minimum subscription available is £8 a month including any plan fee which may apply. Types of cover you can choose fromBUPA Life cover gives you the flexibility to take out various types of cover, according to your needs. Level Term cover is a fixed lump sum benefit for a fixed period of time between five and 40 years. Mortgage Protection Term cover also operates for a specified number of years to coincide with the period outstanding on your mortgage. It differs from Level Term cover as the benefit reduces in a way aimed to coincide with your outstanding mortgage amount that it is used to protect. Renewable Term cover is fixed lump sum cover which is renewed every five or 10 years, subject to our agreement. Decreasing Term cover operates in the same way as Level Term cover but reduces by an equal amount each year to reach zero at the end of the term. Family Income Benefit cover operates in the same way as Level Term cover. This option differs from the others in that the benefit is paid annually to you until the end of the scheme's term. You can also choose to protect the value of your lump sum benefit, on the anniversary of your membership commencement date, in line with either an index (for example, the Retail Price Index) or a set percentage4. The following options are available:
What subscription options are available?You can choose from a range of subscription options to suit your personal preferences and circumstances. Guaranteed subscriptionsYour subscriptions are fixed until your membership ends, except for any increase due to a change in the law or taxation or if you increase your benefit under the agreed membership, or if a plan fee is applied. Renewable subscriptionsBUPA may increase or decrease subscriptions on each renewal date if renewal of membership is agreed. Additional featuresYou can increase your cover by 25 percent of the original amount or by £25,000 up to a maximum of 100 percent or £100,000 if the person covered gets married, has a child or increases their mortgage. Terminal illness cover will allow payment if you are diagnosed with a terminal illness with a life expectancy of no more than 12 months.5 Replacement optionReplacement cover is available on joint policies and the remaining member applies for identical cover within three months of a life cover benefit payment. If your scheme covers two people you can take a new membership to provide limited cover after a claim is paid for one of those covered, or they die through the Reinstatement option**. Additional optionsYour cover can be further enhanced with a Subscription Waiver Option² for an additional payment. This will mean that your subscriptions will be waived after three months if incapacity prevents the person covered from working or if you find yourself unable to carry out at least three of six key activities of daily living. So you can be secure in the knowledge that your life cover will remain in place. This option is only available up to the covered person's 65th birthday. You also have the option to apply to take out Total Permanent Disability cover², for an additional payment, which means that the scheme will also pay out if the person covered suffers a total permanent disability. This option is only available up to the person's covered 65th birthday. Additional servicesBecause we are committed to giving you more than just flexible financial protection, BUPA Life cover offers you a valuable additional service. BUPA HealthLine* Contact usTo find out more about BUPA Flexible Financial Protection, call us on 0800 600 500. Click here to find out about further options for BUPA Flexible Financial Protection.
¹Based on current legislation and revenue practice Cover is provided by BUPA Health Assurance Ltd which is authorised and regulated by the Financial Services Authority. Find an independent financial adviser Cover is provided by BUPA Health Assurance Limited. *Authorised and regulated by the Financial Services Authority Registered Office BUPA House 15-19 Bloomsbury Way London WC1A 2BA |
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