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Products provided by subsidiaries of Standard Life plc and other specified providers.

50 Plus Plan

In this section

Introduction

'Risks and Important things to know' is a key section at the end of this page - please make sure you read it. Please also read our KeyFacts about our services and costs.

Download:
KeyFacts about Standard Life Direct - pdf.

Guaranteed acceptance for UK residents aged 50-80

We are working hard to give our customers the competitive straightforward cover they're looking for.

Through Liverpool Victoria (LV=) Standard Life Direct can offer cover from £5 a month (rates correct as at May 2010) that can provide a guaranteed lump sum for your loved ones when you die.

50 Plus Plan quick guide

Guaranteed acceptance - if you are living permanently in the UK and are between 50 and 80 years old.
Guaranteed cash payout if you die more than 1 year after you start the plan.
A cash lump sum that can help loved ones with funeral expenses, bills, or to leave a gift for your grandchildren.
There are no medical or health questions to answer.
Your payments stop after your 90th birthday but cover continues for the rest of your life!

See more information in our Q&A section

We can't rely on always being there, but a lump sum could help with things like funeral expenses which, for a basic funeral, now average £2,622* and is likely to continue to rise to over £4,500 in the next 10 years**.
*Source: Mintel Report, January 2007, updated 2009.
**Source: Consensus Research, September 2009 (based on a sample of UK Funeral Directors and projecting a 5.77% yearly increase. This figure could increase or decrease based upon market conditions).

Risks and Important things to know

Your cover is fixed when your plan starts and doesn't change. This means it won't keep up with inflation and will buy less in the future. It is important to review the cover you have selected regularly to make sure that it is enough to offset any rises in the cost of living.

You need to keep making payments until you are age 90. If you stop before then, cover will stop and you will not get anything back.

If you were to die in the first 12 months of your plan starting, it may only pay out what you have paid in.
Please note that this protection plan has no cash in value at any time.
Depending on how long you live, the total amount of payments may amount to more than the cash sum payable on death

Before you proceed further, you should find out more about Standard Life Direct and the services we offer.

If you are unclear about what this plan provides and whether it suits your needs, you should seek financial advice. Standard Life Direct can provide you with advice about this plan, products from subsidiaries of Standard Life plc and some external providers.

If you are happy to proceed without receiving advice, remember that your decision will be based solely on your own interpretation of the information provided. We have not taken into account your individual needs and circumstances. The 50 Plus Plan is for UK residents aged 50-80 and offers a cash payout in the event of death. If you are in any doubt about the suitability of the plan you should seek financial advice.

See more information in our Q&A section