nominate a beneficary

As a friendly society, our over 50s life insurance comes with the additional benefit of enabling you to nominate a beneficiary or beneficiaries. This means we can pay out all or part of the cash lump sum to your loved ones with fewer formalities.

By law, the overall maximum you can nominate is £5,000 - so for example, if you have 3 over 50s life cover plans, you can nominate £5,000 altogether, not £15,000.

If you've nominated your husband or wife as a beneficiary and you get divorced the nomination will stay in place. If you remarry, any previous nomination ends. In either case please let us know and you can make a new nomination if you wish.

In the event of a terminal illness claim the money is paid to you and the policy is closed.

Engage Mutual Assurance is a trading style of Homeowners Friendly Society Limited (HFSL) and its wholly owned subsidiary Engage Mutual Services Limited. HFSL is authorised and regulated by the Financial Services Authority (FSA).

Engage Mutual Services Limited will introduce customers to The Co-operative Funeralcare, The Co-operative Legal Services, RED ARC and Grace Consulting. None of these are authorised or regulated by the Financial Services Authority.

This website is intended for use by UK residents only and does not constitute advice. If in doubt as to the suitability of a product you should seek independent advice. Products are provided by HFSL except where otherwise stated.

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