If you have been wondering what the Assupol funeral cover age limit is, you have come to the right place to know at what age you can’t apply for the cover.
The idea of organizing a funeral, let alone thinking about it, is not something we’d like not to think about or consider.
Unfortunately, the unfortunate reality is that everyone will require a funeral at some point in their lives, and it will almost always occur suddenly.
By making arrangements in advance, you can ensure that your loved ones will not be burdened with financial concerns about your funeral expenses during their time of mourning.
That is the whole essence behind the Assupol funeral cover.
However, there is an age limit for who can qualify to apply for the cover, and it all depends on which Assupol funeral cover you would like to apply for.
Assupol Funeral Cover Age Limit
Excellence Funeral Plan and Absolute Advantage Plan are among the Assupol insurance cover, which are meant for people not older than 55 years.
According to the cover, Assupol does pay the benefits automatically without queries if the policyholder applied for the insurance when you were below 55 years.
The benefit of these plans is that after you get to 65 years, you’ll no longer pay the premiums, and the cover will remain active until the day of compensation.
Cornerstone Pensioner Plan Age Limit
Assupol’s Cornerstone Pensioner Plan provides a competitively priced option because the cover offers a selection of reasonable premiums and sufficient cash benefits to cover the costs of a respectful funeral.
In contrast to similar policies offered by burial organizations, the Cornerstone Pensioner Plan does not have an upper age limit and does not require a medical check.
In addition, members have the right to cancel their participation in the plan at any time and without incurring any fees or penalties.
Premiums are collected through the use of convenient direct deductions from government payments.
In addition, the scheme’s actuarial soundness is ensured through appropriate underwriting management procedures.
This is critical, especially given that the majority of participants join at an old age (over 60), and there is little chance that they will be subsidized by younger participants exposed to lower insurance risks.