Typical questions asked about our Funeral Expense Plan
What happens if I stop paying premiums?
If you stop paying premiums within the first ten years the policy will lapse without value. After ten years you can cash in your policy but you may get back less than you have paid in.
Who can save in this plan?
Anyone between the ages of 16 and 70 can take out a plan.
How do I start my plan?
Simply decide on the value of the lump sum you wish to provide and ask us for the premium required. The minimum premium is £3.00 per month and the maximum amount of cover is £7,000. You should then study the 'Key Facts' literature and, providing you do not need any advice, complete and sign the application form, direct debit mandate and execution only letter. Don’t forget to enclose a proof of identity (List A) and a proof of address (List B) noted on the Money Laundering information sheet. Return all the above items to:
Freepost RLUC-XKZE-RJAT
Sheffield Mutual Friendly Society
3 Maple Park
Maple Court
Wentworth Business Park
Tankersley
Barnsley
South Yorkshire
S75 3DP
along with a cheque for the initial premium.
Can the Society provide me with advice?
Yes. If you would like one of our financial advisers to see you either at your home or other convenient location please write to us at:
Sheffield Mutual Friendly Society
3 Maple Park
Maple Court
Wentworth Business Park
Tankersley
Barnsley
South Yorkshire
S75 3DP
or by telephone 01226 741000
or via e-mail on enquiries@sheffieldmutual.com
Do I need to provide any additional Information?
In order to comply with regulations, the Society will require confirmation of your identification and address. We will therefore ask to see documents such as a passport or driving licence and utility bills or bank statements before issuing a policy.
* Based on the Society's understanding of current legislation and Inland Revenue practice which may be subject to change.
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