Promis Life Funeral Plan Review

Upon landing at the Promis website you can instantly tell that this is a whole different kind of plan provider

 

In fact it’s more whole of life assurance with a twist. It may be preferable for some as traditional life assurance products are still quite popular.

 

They claim they are an insurance company like no other. I’ll call this one, that’s because they are an assurance company and at quick glance at no point do they declare they offer funeral plans. It is what is traditionally known as level term and whole life assurance. It’s not a bad thing, it simply makes for a competitive market.

Limitations of Promis Life Funerals

  • No cash in value
  • No upfront costing
  • No detailed starter plans
  • You will pay until you are 90 years of age
  • You may pay in more than you get out of it

How much does Promis Life cost?

The amounts that we can ascertain at the outset is it is age related according to term left that you may live. It may cost from as little as £1.81 a week. This is approximately £5 to £10 cheaper than other plans, mainly we believe because it’s not limited term. i.e. paying ten years, you could pay that amount for twenty or thirty years.

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Questions about Promis Life

What Funeral Plans Do Promis Life Offer?

Funeral Protection Promis: From £ a week until age 90.

Includes: Cover for yourself or another person from £1000 to £20000. Level or increasing term plans. Accidental death period of 12 or 24 months. Inflation Fighter option.

 

Over 50s Life Insurance Promis: From £1.80/week until age 90.

Adds: Will Kit. Double your cover amount paid for Accidental Death.

 

Notes – Trust Held: No, it would appear this is an investment type fund but oversights do protect your investment and how risk involved they are.

What’s Guaranteed?

As with many assurance, insurance and pre paid funeral plans a lot can different within each package, even between set plans with one provider. This one offers two terms of assurance one especially for under 50s, the other for over 50s the payment terms are simply calculated differently.

Guaranteed

  • 30 day money back
  • Acceptance for ages 50 to 79 to Over 50s
  • Acceptance for ages 30 to 79 for Funeral Promis
  • No medicals, no health questions.
  • Minimum cover is £1000
  • Maximum cover on a single policy is a £20,000 payout.
  • After Accidental Death Period death covered for illness, accidents and natural causes
  • Fast payments to assist with funeral costs

 

Not Guaranteed:

  • Accidental Death Period of one to two years means no payout
  • If die with Accidental Death Period, all payments can be returned

Does that mean I (or my family) will have to pay money on top?

No. You receive a cash sum, part of which you use to pay funeral costs.

What If I Want Something Different?

There is not a commitment to have this money go towards funeral costs, although any conditions of where money is sent can of course be written in. Nor is there a set contract with a funeral director or network of such.

How Does A Promis Life Prepaid Funeral Plan Work?

They don’t provide for funeral plans but traditional assurance policies.

Will my money be safe?

Yes. According to oversight by the Financial Conduct Authority (FCA)

Any Cancellation fees?

No, you can cancel within 30 days of policy starting and receive any deposit or premiums to date. After which there is no cash return. It’s an assurance policy.

Will my plan stay the same if I move house?

Yes.

What happens to my plan if I die before paying the full amount?

It is a form of assurance meaning the named entity will receive the value of cover or double the cover depending on incident of death. A cash payout if after two years, or before two years a return of premiums made if accidental.

Reviews of Promis Life

Send your review of Perfect Choice to us at review@funeralguide.co.uk.

Promis Life on Trust Pilot - VERY MIXED Reviews:

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Promis Life on Fairer Finance

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Promis Life Reviews from Facebook:

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"After my father passed without any arrangements, I had to sort everything out, it was difficult. I quickly decided that I didn’t want to leave my kids with that kind of burden. Now, I pay a small monthly amount and it’s such a relief..." - Steve Bailey, Hertfordshire
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Steve Bailey
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