We all know the future can be unpredictable, that's why we have a range of products that can give you that added peace of mind
Nobody likes to think about what will happen when they're no longer around, but when the time comes it's reassuring to know that your nearest and dearest, as well as any expenses, will be taken care of.
Our life insurance plans give you the added security and peace of mind you've been looking for. You can view our plans below but if you need any further information please don't hesitate to get in touch - we're happy to help.
This 'whole of life' plan is a simple and affordable way of providing a legacy for a loved one with the option to nominate a beneficiary
Tax-free savings with the added benefit of life insurance for you and your loved ones
Risks you should be aware of:
If you surrender the plan before maturity (which is the term you select when first starting the plan), you may get back less than you have paid in.
Tax treatment depends on individual circumstances and may be subject to change in the future.
The Whole of Life Plan is a pure protection life insurance policy and doesn’t participate in the profits of the Society’s investment fund or have any surrender or maturity value.
Gift peace of mind and financial protection to your loved ones with life insurance from Sheffield Mutual. Our plans start from just £5 a month and offer guaranteed amounts upon maturity or death.
Explore our Whole of Life Plan with options to nominate beneficiaries or allocate funds toward funeral costs. You can also open a Tax Exempt Savings Plan with Life Insurance for tax-free savings alongside your ISA/Junior ISA allowances, available exclusively through friendly societies like ours.
For more information on the risks involved with this product, please refer to the relevant ‘risks you should be aware of’ section on the product page.
The right plan depends on your needs, priorities, and what matters most. Consider Sheffield Mutual’s life insurance products to care for those you cherish and cover expenses in the event of your death.
Our Whole of Life Plan pays a fixed lump sum when you die, as long as you maintain your premiums until death or age 90. You can also nominate £5,000 to specific beneficiaries or funeral costs. This plan could offer lasting financial security to those closest to you. To apply, you must be a UK resident aged 16 to 70 (next birthday) and in sound health.
Exclusive to friendly societies, the Tax Exempt Savings Plan with Life Insurance lets you build tax-free savings alongside your ISA or JISA. Unlike our standard Tax Exempt Savings Plan and Children’s Tax Exempt Savings Plan, it includes life cover. If you pass away during the term, it pays the guaranteed final amount plus any potential bonuses.
Please contact our friendly team if you have any questions. We understand this can be a sensitive topic and are happy to offer more information about our products and services.
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