Over 70s Life Cover is an over 70s policy that pays out a lump sum in the result of your death. You don’t have to pass a medical exam to qualify for it, which is appealing to some people. This Over 70s Life Cover is a whole of life policy. It will pay out a fixed sum of money, known as the ‘pay out’ should you die from:

• accidental death at any time; or
• non-accidental death after the qualifying period of the policy.

If you die from a non-accidental death during the qualifying period, we will pay back any payments you’ve made.

You’re guaranteed to be accepted as long as you’re: 

• A UK resident (this does not include the Channel Islands or the Isle of Man) 
• Either a non-smoker aged between 50-80 years old, or a smoker aged between 50-75 years old 

Friendly GP is a virtual GP service which is an added benefit to your policy. The service can be accessed for free over the phone or online 24 hours a day, 7 days a week and includes: 

• 24/7 GP telephone consultations 
• video consultations 
• private prescriptions 
• open referrals 

This is when you die from an accident rather than anything health related. If you die from an accident during your qualifying period, we’ll still pay out the lump sum. This will only apply if you die because of your injuries within 30 days of the accident. 

Please see the policy summary for full details.  

You don’t need legal advice to complete a nomination form. 

When you take out a policy, you will be asked who you want it to go to.

Making a nomination - as the policy is underwritten by National Friendly it is subject to friendly society status, which means you have the opportunity to make a nomination, which will help to make a provision for those you care about upon your death.

The benefits of using a nomination are: 

• You can name nominee(s) to receive up to £5,000 between them, upon your death. The sum can be paid to either one person, or split amongst multiple people. Nominees need to be aged 16 or over and registered with us as nominees before your death. 
• Arranging probate or letters of administration can take several months, even when there is a will. Using a nomination enables up to £5,000 to be paid to your nominee(s) straight away, even before probate or letters of administration are granted. 
• If the value of your policy exceeds £5,000 we may require probate or letters of administration before we release the excess amount. This will not affect the immediate pay out of your nomination. 
• All we need to pay out the nominated sum is proof of death and our claim form signed by the nominee(s). 
• You don’t need legal advice to complete a Nomination Form. 
• For more information, you can access and download the nomination forms and supporting guide from our simple to use customer journey. Or if you prefer, you can elect to have the documents sent to you in the post.

Placing your policy in trust - Placing your policy benefits in trust enables you to leave money to a specific beneficiary (or beneficiaries) when you die. It may also have benefits for inheritance tax purposes. 

On death, the money is managed by a trustee(s) until the beneficiary is entitled to the money. If you wish to leave money to a child, you can ask the trustee(s) to delay payment until they reach a responsible age. 

At any time you can arrange for this policy to be held in trust for your chosen beneficiaries (the person or people you want the pay-out to go to). Please note if you do this, you won’t be able to claim the terminal illness benefit.

There is more information on completing a Trust Form in our online customer journey, or you can also have this sent to you via post.