The table below allows you to see the differences between the Fixed Plan and the Increasing Plan, so you can decide which one is best suited to your own needs.
|Product||Fixed Plan||Increasing Plan|
|Fixed monthly premiums|
|Fixed cash sum – if you die at least two years after starting the plan|
|Cash sum reviewed each year in line with the change in RPI|
|Monthly premiums reviewed each year|
|Cash sum paid on death to your estate – unless assigned or placed in trust|
|Inflation will reduce the value of the cash sum of the plan|
|Help towards your funeral expenses and at the same time have an extra amount allocated at no extra cost*|
*This facility is available if you choose the Funeral Benefit Option with the Fixed or Increasing Plans.
The Retail Prices Index (RPI) is used as a measure of inflation. It measures the changing prices of everyday household goods and services like food and energy bills, and shows how the cost of living rises over the years.
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Designed for those on a budget as the premiums and cash sum are fixed and will never increase once the plan starts. Premiums start from £8 a month, depending on age.
Designed to protect your cash sum against inflation. The plan is reviewed each year in line with the change in the Retail Prices Index. Premiums from £8 to £15 a month depending on age.