News › Shepherds Friendly Over 50s Life Insurance has been awarded a 5 Star Rating by Defaqto

Shepherds Friendly Over 50s Life Insurance has been awarded a 5 Star Rating by Defaqto

22 Nov, 2017

We here at Shepherds Friendly are delighted to announce our updated Over 50s Life Insurance plan has been awarded a coveted 5 Star Rating by Defaqto, who are the leading experts in ratings for financial products. This gives our Over 50s Life Insurance an expert seal of approval and is the second of our plans to receive a 5 Star Rating in the past two months, following our Income Protection plan’s success.

This highly regarded rating recognises the quality and comprehensiveness of the features and benefits provided by our Over 50s Life Insurance.

We have given a lot of thought into what our members, would want from an Over 50s plan; making it more appealing to your clients.

The benefits for your clients are:

  • Higher sum assured;
  • No medical questions asked;
  • Premiums start from as little as £10 a month – They only have to pay for 30 years or until the age of 90, whichever comes first;
  • Guaranteed cash lump sums that will never reduce;
  • No premium increases for life – Yet still with flexibility if their circumstances change and they need to reduce the payment amount;
  • Funeral benefit option – with a £250 contribution to your client’s funeral costs from Golden Charter, if they nominate them to take care of their funeral arrangements;
  • Access to the National Bereavement Service for their loved ones – a not for profit organisation that can offer counselling, guidance and support.

Like all Shepherds Friendly products, our Over 50s Life Insurance plan is designed to be flexible. Your client’s plan can be updated at any time.*

Our CEO, Ann-Marie O’Dea, has said, “Shepherds Friendly truly deserves the 5 Star Rating we have received for our Over 50s Life Insurance. It is the second 5 Star Rating we have been awarded for a plan of ours this year, after our Income Protection plan also received the same accolade. It recognises the high quality of the features provided by our Over 50s Life Insurance and our Income Protection.”

Who are Defaqto and what is a Star Rating?

Defaqto is a financial information business, helping financial institutions and consumers make better informed decisions. . Based on facts not opinions, Defaqto Star Ratings provide consumers with an accurate benchmark so that they can see at a glance how products compare.

Their experts research, collect and continuously assess over 41,000 financial products, including income protection, and rate them on a scale of 1 to 5 based on features and benefits that are relevant to consumers. These ratings are known as Star Ratings. They provide consumers with an unbiased and transparent assessment of the products and policies in the market from the Defaqto experts.

* All requests are subject to our agreement and may be subject to additional underwriting. If your client wishes to request a change, they must apply to us in writing. We will assess all applications based on their circumstances at the time.

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