Features
Half price payment offer
For customers making an initial deposit of at least £250, you will receive half price monthly payments for the first 18 months. On the 19th month, your payments will return to the original amount, for the duration of your plan.
Full Range of Plans
Provided you qualify, Capital Life’s Payment Plus option is available on all Capital Life Funeral Plans, including our Simple and Majestic plans.
Low, Fixed Monthly Premiums
Your Quoted monthly amount is payable until your 90th birthday or until you pass away, whichever is sooner. If you pass away after 18 months of payments, there will be nothing further for you or your family to pay towards the cost of the items within the chosen plan. The instalments you pay are guaranteed not to increase over the term of your plan.
Refund availability
If you die within 18 months, you are entitled to a full refund of any monies paid in to contribute towards your funeral. Your family may still decide to instruct Capital Life to assist with the arrangements at the time who will charge the RRP price of their plans at the time which, often, will be less expensive than going directly to a Funeral Director.
Funeral Director Flexibility
Provided that the funeral director is approved by Capital Life at the time of need, you can transfer from the pre-allocated funeral director at no additional cost. If however, your chosen approved funeral director is more than 30 miles away from your location at death, there may be a charge for additional mileage, payable directly to the selected funeral director. The cost of this is outside of the scope of your Capital Life funeral plan.
Allowance towards the cost of Third Party Fees (Disbursements)
Whilst the fees payable to an approved Funeral Director are fully guaranteed, you will often need to pay additional disbursements towards the cost of Cremation or Burial at the time of death. Capital Life make this easier with our generous disbursement allowance.
With the exception of the Simple and Ceremonial Plan, all plans come with an allowance of £1000 towards the cost of disbursements. Should you choose a plan which does not include an allowance, please be aware that this cost may need to be met by your family at the time of need.
Limitations
Transferal of plan
As our payment plus option is calculated based on your age and plan requirements, you would be unable to transfer the benefit of this plan to somebody else.
Payments over a set period of time
The Payment Plus option will be one, low monthly payment, payable until your 90th birthday or when you pass away, whichever happens first. You are unable to pay for your plan over a shorter period when using this option.
Missed Payments
If you fail to make one of your contracted payments, you will be given a period of 2 months and 14 days to bring your account up to date. If you fail to do so, you will lose any monies paid in until that point. You would be, however, welcome to start a new plan when you are able to, however the cost will be quoted at that time and likely to be a slightly increased monthly premium than your cancelled plan due to your increased age at the time of purchase. IMPORTANT if your payments are in arrears at the point of death, your guarantee will lapse and your family may be required to make additional payments to cover the cost of your selected plan.
Simple Plan
If you opt for a Simple Plan, your Funeral Director and Location of Crematorium will be at the sole discretion of Capital Life. No attendees are allowed at the Crematorium and no service will take place.
Fixed Term Payment