Promis Life is a British insurance distributor with a proven history of offering quality life insurance products focusing on affordability and ease of use.
As the name suggests, this solution provides cover to customers at least 50 years old.
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Promis Life is a British insurance distributor with a proven history of offering quality life insurance products focusing on affordability and ease of use. The company has a family-oriented approach to customer service, with a workforce trained to create an inviting environment.
Here, we delve into Promis Life insurance products and help you decide whether it’s the right company for you.
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When taking out a life insurance policy, it’s essential that you choose the right solution for your circumstances. If you’re unsure which solution best suits you, contact Promis Life to discuss your options. The company’s primary insurance products are broken down into:
This solution is a standard Term life insurance policy. It provides cover for a predetermined period agreed on between you and the company. You can also choose the coverage amount, with a limit of up to £500,000.
If you opt for a Term life insurance policy, you can choose from two sub-categories – level and decreasing term.
As the name suggests, this solution provides cover to customers at least 50 years old. The best part is that it offers guaranteed acceptance for applicants aged 50 to 79, with no medical questions asked. If you’re in poor health, Over 50s life insurance is one of the best ways to get accepted by an insurance company.
This solution includes the Claim Promis add-on, a service only offered by Promis Life. If you pass away, your family and loved ones can make a claim and receive the funds within 48 hours. Note that coverage is much lower than a standard life insurance policy and is limited to £20,000. Also, unlike a term life policy, Over 50s insurance is for the rest of your life.
With the average funeral cost in the UK now significantly higher, it’s natural that you might want to protect your family from having to cover that cost. Promis Life’s Funeral Protection plan can provide up to £20,000 cover to pay for those expenses. It’s open to applicants aged 30 to 79 and offers guaranteed acceptance.
Note that since premiums are paid until you are 90 years old, you could end up paying more than the total funeral costs.
There are various features and benefits to taking out a life insurance policy with Promis Life. Here we delve into the most important ones:
We compare plans from the leading life insurance providers
| Cover Options | Level and Decreasing Term. Over 50s. Funeral Cover. |
| Cover Period | 5 to 40 years. |
| Critical Illness Cover | Not available. |
| Maximum Applicant Age | 70. |
| Minimum Entry Age | 18. |
| Whole of Life Policy | Not available for applicants under 50. |
| Joint Life Policy | Available. |
The company does provide terminal illness cover if you are diagnosed with a terminal illness and given less than 12 months to live.
A fantastic way to measure the suitability of insurance products offered by companies is to review the ratings provided by independent firms.
British rating firm Defaqto has rated Promis Life’s products. British firm Fairer Finance has also rated the company’s Over 50s life insurance plan.
Life insurance costs will depend on various factors. Promis Life will take into account your medical history, health, occupation, and smoking status to evaluate your risk. You should contact the company and discuss your requirements to get an exact quote.
If you feel like your life insurance premiums are too high, there are some steps you can take to lower the costs. To begin with, you should quit smoking as it has the most significant impact on your risk factor. You should also attempt to live a healthier lifestyle and lose weight. These are personal variables that you have control over that can significantly decrease your insurance costs.
You should also ensure that you shop around before choosing a policy. Insurance companies are flexible, so it’s always worth getting multiple quotes.
If you’re looking for a company that likes to put customers first and takes a caring approach, Promis Life could be for you. The company’s Claim Promis add-on is an excellent way for your family to access funds quickly. On the other hand, if you are an older applicant, you might find the maximum age limiting. The company also doesn’t offer a standard whole of life policy, while the Over 50s option has a coverage limit of £20,000.
