It is a straightforward plan. You pay money in and on death, it pays an inflation-linked cash sum direct to the recipient you have named. The cash sum is paid out within 24 hours of a payout request, before probate as it is outside your estate, so it is there when it’s needed.
Select the plan that is right for you. You can pay this amount by making a single payment, or by paying monthly installments to total the cash lump sum amount, over a period of time of your choice, up to 20 years.
If you pay by a single payment we will pay out the plan’s full cash sum amount on death plus simple interest, at the rate of inflation, capped at 0.2% per month (2.4% per annum), for every full subsequent calendar month of the plan.
If you pay by installments we will pay out the total sum of the installments paid at the point of death. From the date the plan is fully paid, we will pay the plan’s full cash sum amount plus simple interest, at the rate of inflation, capped at 0.2% per month (2.4% per annum), for every full subsequent calendar month of the plan.
Each plan can have one recipient. You will need to take out a separate plan for each recipient. You can change the recipient at anytime.
You could get better value for money by putting your plan in place now, fixing today’s prices.
You have 14 days to change your mind from the date you entered the agreement. Your plan will continue if we don’t receive a cancellation notice within that time. If you do change your mind and don’t want the plan, we will give you your money back.
Yes. You can cash-in your plan at anytime and receive 70% of what you have paid in back.
If any Contribution is not paid on the due date or within the 30 days grace allowed we will cancel your plan and repay to you 70% of what you have paid in back.
To request that the plan’s cash sum is paid out, your executor should call or email the support team. They will be asked for a death certificate. Once requested documents have been accepted, payment is made direct to your named recipient within 24 hours.
If you have any questions, at any time, you can always telephone or email us.
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As a responsible organisation we take financial regulation, compliance and data protection seriously. Acknowledgment by the United Kingdom Financial Conduct Authority (FCA) of Inter MCL Services Series LLC, it’s cells and independent agents promoting specified products and services to UK consumers was received on April 27th 2018.