Who gets the money when there is a death claim?

Have a look at the below to see where the money will go in the event of a death claim:

Who's injured and who normally gets the money?

  • Just you - It goes to your estate
  • You and someone else (on a first death basis) if you apply as joint owners It goes to the surviving plan owner
  • You and someone else (on a second death basis) if you apply as joint owners It goes to the estate of the second person insured when they die
  • Someone else It goes to you
  • Two other people (on a first death basis) It goes to you when one of the people insured dies
  • Two other people (on a second death basis) It goes to you when both of the people insured have died

The policy is designed to pay out a cash lump sum when you die or are diagnosed with a terminal illness. If you’re insuring someone else, the plan pays out when they die or are diagnosed with a terminal illness.

You can insure two people under one plan. If you do, we’ll ask you to choose whether you want the plan to pay out

  • When one person insured dies or is diagnosed with a terminal illness (we call this ‘first death’); OR
  • When both of them die (we call this ‘second death’)

If you choose the ‘first death’ option and both of the people insured die, we’ll still pay out. But if you choose the second death option, we won’t pay out until both have died.

Read about our whole of life insurance

Read more about the whole of life cover we provide.