It’s easy to apply for the plan as there is no underwriting and your client won’t be asked to provide any medical evidence.
Download the application form below and follow the instructions to apply for the Zurich Investment Life Cover Plan.
- Your client must be aged between 18 and 69 when the plan starts. If the plan is in joint names, these age restrictions apply to the youngest plan holder.
- Your client must be resident in the UK for tax purposes for the last six months. They cannot take out a plan as a US national or a US tax payer. If the plan is in joint names this applies to each plan holder.
Your client can take out a plan if they open a Zurich Portfolio with Sterling ISA Managers Limited and have one or more eligible accounts within their Zurich Portfolio. They must also have a Zurich Cash Account.The yearly plan costs are:
- 0.1% of the plan cover amount for clients who were under 65 when they started the plan.
- 0.25% of the plan cover amount for clients who were over 64 but under age 70 when they started the plan.
The plan cover amount is the total amount of any eligible money and assets invested (including initial, regular, transfers and top-ups paid into the Zurich Portfolio but excluding any withdrawals or adviser remuneration that has been paid) within the five-year period.
If the plan cover is £50,000 during the full plan term (no more money or assets are paid in and no money or assets are taken out of your account(s)), the plan cost will be £50 each year for those aged 64 or under when the plan started, and £125 each year for those aged between 65 and 69 when the plan started. Over the term of the plan, this means the total plan cost will be as follows:
Total plan cost for plan holders aged 64 and under when the plan started is £250 (0.10% x £50,000 x 5 years)
Total plan cost for plan holders aged between 65 and 69 when the plan started is £625 (0.25% x £50,000 x 5 years)