One Family
At Life Insurance Cover we search all of the UK providers of Life Insurance. Comparing and providing Life protection quotes for our customers. One Family have been providing protection policies since 1975 under its original name called the Family Assurance Friendly Society. Although One Family is not the oldest Life Insurance provider, they are one more specialist Life Insurers. In our helpful guide we look into who they are and the protection policies they offer.
Who Are One Family?
One Family was initially founded in 1975 as the Family Assurance Friendly Society offering a family savings bond, which are still available today. Created in the city of Brighton to provide financial security for its members. Today, One Family provide a range of financial services including over-50s Life Insurance, Insurance bonds, tax-efficient savings plans, lifetime ISAs, lifetime mortgages and independent lifetime mortgage advice.
In 2015, Family Assurance and Engage Mutual and their members agreed to merge and formed the mutual known as One Family.
One Family Life Insurance products are currently available to people in the UK. Including the Channel Islands, Isle of Man and Gibraltar. You can either obtain a One Family Life Insurance policy directly. Or through an FCA regulated broker, like Life Insurance Cover.
Term Based Life Insurance
All Term Based Life Insurance policies are a very popular choice when compared with all of the different types of Life Insurance Cover available in the UK. Included within the definition of term based protection policies are level, decreasing and increasing term Life Insurance. Because One Family Life Insurance are a specialist provider with a focus on a set demographic of potential customers they do not offer any term based Life Insurance.
Can I Have Life Insurance And Critical Illness Cover?
Unfortunately One Family only offers Over 50s Life Insurance separately without Critical Illness Cover, if you were to obtain a policy directly. However, because Life Insurance Cover is an FCA regulated Life Insurance broker. We are able to compare Life Insurance protection from One Family and a Critical Illness Cover policy provided by another provider.
At Life Insurance Cover we search and compare all of the UK providers for all of the protection policies available. Our specialist team can help you find either the best Life Insurance/Critical Illness protection available. Or if it may be more beneficial to obtain two separate policies depending on your own specific requirements.
Can I Buy Just Critical Illness Cover From One Family?
One Family do not currently offer a standalone Critical Illness Cover protection policy to their customers, unlike some providers who do. However, by using an FCA regulated broker, like Life Insurance Cover you can still find a policy that will offer protection for Critical Illness.
One Family Over 50s Life Cover
An over 50s plan, also known as over 50s Life Insurance protection. Guarantees a pay out to your loved ones after you pass away. One of the most common uses for an over 50s Life Policy is to cover funeral costs, clear outstanding debt or potentially leave an inheritance for the family. A One Family over 50s Life Insurance policy guarantees acceptance for UK applicants aged 50 – 80.
One of the key points about this policy type is that you will not need to provide any medical information when you apply. This makes over 50s Life Insurance an ideal choice if you have a poor medical history.
One Family Over 50s Life Insurance Includes
Payment reduction: You may be able to reduce their premium as long as they have held your One Family Over 50s Life Insurance policy for at least four years. However, the benefit amount will reduce and minimum premiums apply.
Fixed monthly premiums: With policies starting from £10 per month, which will not change throughout the life of the plan, unless you choose to use of the premium reduction option.
Fully Insured: After paying the first 24 months of your policy, you will be fully insured. If you pass away during the first 24 months of the policy, you will be eligible for a return of your monthly premiums. A policy from One Family will pay out 150% of the premiums you’ve paid up until your death.
The policy will also include an accidental death benefit, meaning if you pass away as a result of an accident (within the first 2 years) then 3x your cover amount, up to a maximum of £48,000, will be paid out to your loved ones.
Funeral Funding: This feature is automatically built into the One Family over 50s Life Cover. It is designed to contribute towards the cost of a policyholder’s funeral. Golden Charter, is the chosen partner to provide this service. They will allocate a funeral director who will provide a £300 contribution towards the cost of a funeral.
Bereavement advice line: An advice line providing practical advice and support to help your family and loved ones understand what needs to be done following a policyholder passing away.
At Life Insurance Cover we compare all of the UK Life Insurance providers including One Family. Simply complete an application to get a free new Life Cover Quote for over 50s of Life Insurance protection for you and your family.
How Much Does One Family Life Insurance Cost?
A monthly premium cost of getting your Life Insurance protection with One Family is calculated on multiple factors including your smoker status. However, an over 50s policy from One Family does not calculate your premiums on your overall health or medical conditions. The largest factor which will determine your monthly premium cost will be the amount of Life Insurance protection that you need. It can be quite a hard process to decide on which level of protection that you will need for you and your family.
With One Family Life Insurance policies starting from £10 a month it is worth getting your protection in place for the future. As detailed in our guide section, it is better to obtain Life Insurance before any potential problems occur, which may increase the premium cost. After you choose which policy you need, you can also add on other benefits they offer. Some of the additional benefits will add a little more to your monthly premium cost.
To get protected with One Family Life Insurance simply obtain a quote and we will help you compare the protection policies you need. We help to save you time and money on your Life Insurance Protection.
Making A Claim
When the time comes to make a claim against a long term protection policy from One Family, they make it as easy as possible. Although it will be a very distressing time for your family after you have passed away, One Family will help them with every step of the process. A key point to remember is to make your family aware that you have Life Insurance Cover and the location of your policy documents. When your loved ones initially contact One Family it is advisable to have all the relevant paperwork to hand. They will confirm some of the details of the policy including name of the policyholder, policy number and if the policy is in trust.
During the claim process, your family or loved ones will also need to provide a copy of the death certificate for the claim to be completed. If you are making a critical illness claim, One Family will need your doctor’s contact details, details of any treatments and details from any other medical professionals.
The Claims team at One Family can be contacted by:
Telephone: 0800 028 1112
In writing: Claims Department, One Family, 16-17 West Street, Brighton, BN1 2RL
Terminal Illness Cover
Similar to all the other UK Life Insurance protection policies provided through Life Insurance Cover. All protection policies provided by One Family come with terminal illness cover as standard. Terminal illness cover allows you and your family to make a claim on your Life Insurance prior to passing away. If you are diagnosed with a terminal illness whilst protected by a Life Insurance Policy and expected to pass away within 12 months, a claim payment will be made. Once you receive the claim payment, you can use the money in any way you choose, without any restrictions.
You may choose to hire a private carer or cover the cost for private medical care. Whilst planning your protection policies for the future, it is also possible with any policy secured with Life Insurance Cover to add other products like critical illness cover. These add on products may add a few pounds to a monthly premium, but it will provide further protection for you and your family.
Compare One Family Life Insurance Quotes
Compare all the leading Life Insurance providers including One Family, getting covered is simple with our quote, compare and cover service. We compare One Family and 100’s of the main UK life insurance companies for you saving you time and money. Just choose the right Life Insurance Cover provider for you.
It’s very simple with no obligation to take out life insurance. Complete our quick application form and we do all the work for you. Life Cover starts from just £5 a month.
With quotes from all of the major UK companies you can be sure to find the right cover for you and your family. Our service is free to make it as easy as possible for you. Simply fill in the quick form now to get One Family life Insurance quotes. Our website uses the latest encryption to keep your quote safe and secure at all times.