Payment Plus is a new way to pay for your Funeral Plan and gives you extra comfort that should you pass away after just 18 consecutive monthly payments, Capital Life will fulfill the terms of your plan at no additional cost to you, regardless of the amount you have paid in.
The Payment Plus option is very simple and is as follows…
- To qualify the Plan Holder must be over 50 years of age
- A set monthly amount is paid by direct debit until the Plan Holder passes away or until their 90th birthday (whichever is soonest)
- Should the Plan Holder pass away after just 18 consecutive monthly payments, Capital Life will fulfill the terms of the plan at no additional cost, regardless of the amount paid in
- Should the Plan Holder pass away before 18 consecutive monthly payments have been made, the estate will only have to pay the difference between what has already been paid and the RRP of the plan at the time of passing, still offering significant savings and emotional relief to your family