PMAS Life Insurance
Frequently asked questions
If you’ve got a question which isn’t answered
here, please contact us.
You can find out more on the product information and
key
features pages.
What is
life insurance?
Who can
apply?
How and why will I need to prove my
identity?
When
does the plan pay out?
How
much cover will I need?
What is the
plan term?
How long will it take to complete the
application?
What do I need to decide before
completing the application?
I have applied for a plan - are the rates
guaranteed?
I don't have any other plans with
Police Mutual - how do I know if my force can take deductions from
salary/pension?
How do I
apply?
After I have applied - who do I contact
for updates?
What
is life insurance?
Life insurance pays out a guaranteed cash sum
if you or your partner (if it is a joint plan) die during the term
of the plan.
Who
can apply?
Anyone who is eligible to apply for a Police
Mutual plan can apply. Find out if you’re
eligible here.
How
and why will I need to prove my identity?
To comply with money laundering regulations,
we may carry out an on-line identity check with a reference agency
when you apply. The agency will add a note to your credit record to
show that an identity check has been made, but this information
will not be available to anyone else and will not affect your
credit rating.
You can find out more about why we need to
check your identity on the
Financial Services Authority website.
When does the plan pay out?
The plan only pays out if the life assured dies. There is
no payout at the end of the term or if you decide to stop the plan
early.
How
much cover will I need?
Everyone has different needs, so everyone will
require different levels of cover. You might want to think about
the following costs when you consider how much your family might
need:
- Your children's education – nursery, if
they’re in public school, or university
- The amount of your outstanding mortgage - if
this is not covered by mortgage protection
- The cash that your family spend each year on
essentials - multiply your income by an appropriate number of years
for an estimate
- Any other loans or expenses not covered by
existing insurance and would need to be repaid
What
is the plan term?
The plan term - or term of plan - is the
period of time that the plan is active. You can choose a term of
between 1 and 40 years.
For example, if you have a young family, you
may decide to take out cover for 20 years - to provide funds for
school or university fees.
How
long will it take to complete the application?
The application should take no more than ten minutes to
complete.
What
do I need to decide before completing the
application?
- Whether you’d like a joint application (which
pays out if you or your partner dies) or a single
application – for you or your partner alone
- The amount of money you’d like your
dependents to receive
- How long you’d like the plan to provide cover
– between 1 and 40 years
I
have applied for a plan - are the rates guaranteed?
As soon as your plan has been written, the
payment rates are guaranteed for the full term.
I don't have any other plans with Police Mutual - how do I know
if my force can take deductions from salary/pension?
We have a
full list of all forces offering
deductions from your salary or pension.
How do I apply?
Before applying make sure you’ve read the
product information and the
key features pages. You’ll
need to have your bank details or payroll number to hand along with
any details of your medical history.
You can:
We will also need to know your height/weight
details in metric measurements and you may need to provide your
GP’s details. If you only know the imperial measures, use
our conversion calculator.
If you’re applying for joint cover or your
partner is to be the life assured, you’ll need their details
as well.
After I have applied - who do I contact for
updates?
We will treat your application as a priority.
If you have any questions about the processing of your application,
please contact us on
0845 88 22 999.