About Engage Mutual Assurance

Engage Mutual Assurance, previously known as Homeowners Friendly Society, begins with an over 50 whole life insurance policy and then allows the policy holder to add various components to fit their budget and their families needs.

The over 50 life insurance covers anyone in the UK. Residents of the UK could obtain this special life insurance coverage as long as they are between the ages of 50 and 80. The Engage Mutual Assurance Company promises that no one will be turned down because there is no medical examination and no medical questions. This policy also carries low premiums that are guaranteed never to rise and this is a whole life insurance policy that pays out upon death of the policy holder with no cash value before that time.

Provided a policy holder pays all their premiums, the coverage will last for the insured's lifetime. If an individual stops paying the premiums, then their coverage will stop. The Engage Mutual Assurance Company will stop taking payments when the insured turns 90 years old but the coverage will continue for the rest of their life.

This type of plan has a lump sum payout upon the insured's death with the amount paid dependent on the premiums chosen and several other factors. One item to note, over time, inflation will reduce buying power of the amount payable upon death.

There are restrictions on the first two years of coverage with the Engage Mutual Assurance Company. The cover restrictions are limited to 150 percent of the premiums paid to the date of death, or, if a death is a result of an accident during the first two years of the policy holder's coverage, this insurance company would pay out three times the amount assured to a maximum of £32,000.

One policy addition an insured individual could add to their policy is the funeral funding option. This option is a free addition to the life insurance policy and will help with funeral costs once an insured individual passes away. When this part is added to a policy it insures that a payment is made directly to a funeral home for the insured's funeral expenses, this way the family will not have to worry about anything when the time comes.

The over 50s coverage is an affordable way to make sure those people who are left behind, when the policy holder dies, are covered with a lump sum cash payout to take care of whatever they need. They could use the money for funeral expenses, mortgage payments or to take a much needed vacation. Many of the over 50s coverage for life insurance policies starts around £5.00 and goes up to £8.00 which works out to approximately 17p to 27p per day. The Engage Mutual Assurance Company believes that life insurance should be obtainable to everyone and therefore they make it as affordable as possible.

When considering life insurance, it is best to shop around and find the best prices for one's budget and family needs.

Let us find you the best life insurance deal - Get a free, no-obligation quote now.