Life insurance

* £40 M&S vouchers, or £50 for AA members, when you take out life insurance. You will receive your gift once you've paid your first three months' premiums. Please allow 28 days for delivery. One gift per person. Joint applicants will only receive one amount of M&S vouchers. We reserve the right to change this promotion at any time.

** Source: www.which.co.uk/news, May 2010

Automobile Association Insurance Services Limited is authorised and regulated by the Financial Services Authority (FSA). You can check on the FSA's register by visiting the FSA's website www.fsa.gov.uk (link opens a new window) or by contacting the FSA on 0845 606 1234.

Automobile Association Insurance Services Limited. Registered office: Fanum House, Basing View, Basingstoke, Hampshire RG21 4EA. Registered number: 2414212 England.

AA Life Insurance is provided by Friends Life and Pensions Limited.

Increasing cover option

The cost of funerals is rising all the time, and with the effects of inflation the cash sum that you decide to leave to your loved ones today will not have the same spending power in the future.

However, you can help protect your family against rising costs by selecting our increasing cover option.

With increasing cover, your premiums and your cash sum will automatically increase by 5% of the starting premium and cash sum on the anniversary of your policy. This means the increase will be the same fixed amount of money each year. This will help reduce the effect of inflation on your cash sum, so when the time comes your loved ones will still receive a useful cash sum to help pay for funeral expenses or unpaid bills, or to enjoy as a gift.

How the option works

• You can select the increasing cover option when you start your policy – although it cannot be added later.
• Every year, on the anniversary of your policy, the cost of your premium and cash sum will rise by 5% of your starting chosen premium and cash sum.
• Your starting premium and cash sum will increase every year for 20 years or until you reach your 90th birthday, whichever is sooner. If, at the end of the 20 year period you are under age 90, your premiums will continue to be payable until your 90th birthday but with no further increases and your cover will continue at its then current level until you die.
• You can remove the increasing cover option at any time and your premium and cash sum will then remain fixed at their then current level.

Want to ensure your cash sum goes towards your funeral costs?

The funeral benefit option ensures your policy will contribute towards the cost of your funeral, although it does not guarantee to cover your full funeral costs. When you choose this option you will also be eligible for a £250 discount on your funeral costs. Find out more about our funeral benefit option.

Funeral benefit option

If you want to give your family a helping hand to pay your funeral costs, you may be interested in the funeral benefit option. Choose this option when you apply, and your cash sum will automatically be used as a contribution towards your funeral costs – although it does not guarantee to cover the full cost.

We've teamed up with Golden Charter to provide this option. Golden Charter have relationships with over 2,100 independent funeral directors across the UK. If you choose this option you will also be eligible for a £250 discount towards your funeral costs. Find your nearest Golden Charter approved director here.

Benefits

• Financial assistance towards your funeral costs – helping to ease your loved ones' money worries and anxiety at a difficult time.
• No need to wait for probate – your cash sum will go directly to Golden Charter who will then use it to pay the nominated funeral director.
• Advice and support for your family – just one call to Golden Charter will set your funeral benefit option in motion and your family will receive help and advice every step of the way.
• A discount of £250 towards your funeral expenses provided by Golden Charter. You will still receive this voucher, even if you die within the first year of your policy.

How to take up this option

• Once you have completed your application for 50 Plus Life Insurance, including your direct debit instruction, you can choose to add the funeral benefit option.
• Golden Charter will then send you a welcome pack. This will include instructions for your next of kin and information on claiming the £250 discount, which can only be redeemed against the cost of a funeral arranged through Golden Charter. Please note the £250 is a fixed amount and inflation will reduce its value over time.

How the option works

• An experienced, local independent funeral director will be nominated by Golden Charter and paid directly from your cash sum. Your family can rely on them to provide all the help and guidance needed to arrange your funeral.
• If your funeral costs less than the cash sum provided by your policy, the difference will be paid to your estate. If it costs more, the difference will need to be paid by your estate or by your family.
• Only one discount per policyholder is allowed, even if more than one policy is taken out. There is no cash alternative.
• It's free to take out the funeral benefit option, and it can be removed at any time. If you decide to remove it at a later date it cannot be added again. If the option is removed the £250 discount will no longer be available.

When choosing how much cover you need, remember that inflation will reduce the value of your cash sum in the future. If you would like to help protect your family against rising costs, you can choose the increasing cover option.

Policy information – 50 Plus life insurance

With guaranteed acceptance and an easy application form, it's simple to apply for 50 Plus life insurance. Before you take out cover it is important to read all of the product information. Please print or save the documents below so you can read and refer to them in the future.

Key facts leaflet

Policy conditions

Important information about our insurance services

To view these PDF files you'll need Adobe Acrobat