How The Bucket List Plan Works

Life insurance just got amazing! 

If you are no longer able to work as a result of an illness or injury or  are diagnosed with a terminal illness, then the unique Bucket List Plan will provide you with the means and resources to fulfil your dreams and wishes. 

Live for the moment.

The Bucket List Benefit Table

This table details your choice of cover:

A unique way to fulfil your wishes

The Bucket List Plan pays you a lump sum to use for care, to provide cash for your family, charity or indeed as the name suggests to fund your bucket list dreams... 

A ‘Bucket List’ is a list of dreams, goals, madcap ideas, adventures, activities and must do’s to see, try and experience prior to kicking the proverbial ‘bucket’.

When out of the blue, people receive bad news about their life expectancy or when they suffer a life changing illness or injury (preventing them from working and leading a normal life) it’s easy to dwell on all the things they haven’t done.

They realise that life is short… 

For some, this is a time of regret…

But for those with the Bucket List Plan, it could be time to live life to the full!

Now, isn’t that a better way to buy life insurance?

FAQ's & Further Details


What does the plan do?

The Needs and Demands Statement sums up the purpose of the Bucket List Plan:

The Bucket List Plan is designed to meet the needs and demands of those who wish to receive a cash lump sum that can be used to fund their bucket list aspirations or for any other purpose should they be diagnosed with a terminal illness or suffer a total and permanent disability. The plan also provides a lump sum cash benefit in the event of their death.

What are the insurable events that trigger the plan benefits?

The plan is triggered by any one of these three insurable events:

1. If you are diagnosed with a terminal illness up to 1 year prior to death.

2. If you suffer a serious illness or injury whereby the condition prevents you from working in a suited occupation if you are employed or from performing specific work tasks if you work part-time (less than 16 hours), are a homeworker or retired or not employed.

3.If you die.

You can read more details about the insurable events in the Bucket List Plan Policy Document

How do I choose what bucket list trips and adventures I want?

It really is up to you. Many people already have a list of dreams, ambitions and activities that they would like to realise. If you don't have a bucket list then start today! Even if you never claim on the plan, it good to have goals.

However, you can choose to do whatever the generous plan funding will cover... A trip around the world, afternoon tea at the Ritz, a cruise around the Caribbean, visiting relatives abroad, seeing the pyramids, taking a road trip down Route 66, bungee jumping in New Zealand... In fact, whatever you want (as long as it's legal, moral and ethical!). Should the time come, then the concierge can help you choose.

Also, there's lots of websites with literally thousands of bucket list ideas. Just google 'bucket list ideas' or read our free guide 'How To Create Your Own Bucket List' - you can download it by clicking here: Get Bucket List Guide

How much does the plan cost?

The plan premium rates are based on your age, the period of cover (5, 7, 10, 15 or 20 years), and whether or not you smoke. Unlike standard life insurance, the Bucket List Plan also provides terminal illness and total and permanent disablement cover. 

The fastest, easiest and simplest way to find out the cost for your bucket list plan is to put your details into the online quote system. Click here to check now.

Why am I offered a selection of time periods (number of years)?

When you apply for the plan you are offered a selection of terms (number of years) that your policy will run. These terms are: 5 years, 7 years, 10 years, 15 years and 20 years*. 

The longer the term that you select, the higher the premium rate you should expect to pay. This is because the premium remains the same over your selected term period irrespective of the increase in risk to the insurer as you get older.  

The benefit to you of taking out a longer term is that the cover and the premium rate you pay is then locked-in and remains the same for the entire term.

It is IMPORTANT to note that at the end of your selected term you may be offered the chance to renew the policy but the terms and conditions of the policy may be different (dependent upon your health at that time) and the premium rate could also be changed. 

* Note that because the maximum age allowed under the policy is 70, you are offered fewer term choices as you get older. For example, you are only offered a 5 year term if you are aged 64 or 65).

What is not covered by the plan?

In common with other insurers high-risk occupations are excluded from the Bucket List Plan including working in the oil and gas industry, mining, diving, fishing (on a trawler), working outside at heights, working with explosives and certain armed forces occupations. 

Certain hazardous pursuits such as parachuting, potholing, motor racing, extreme sports and others are excluded from the payment of benefits for serious injury or illness.

Also, self-inflicted injury, drug abuse and Corona virus in the 180 days are not covered.

You can see a more complete list in the policy document.

What if I don't want to travel or do any bucket list activities?

No problem.

If one of the insurable events occur, you can take the entire Total Policy Limit (£100,000 for Standard and £150,000 for Elite) and use in any way that you choose.

Can I use the money for something else?

Of course. It is up to you.

At the time of claim you will be asked whether you wish to go ahead with your bucket list benefits or alternatively take the full policy limit as a lump sum. It's up to you.

You can choose to use all or part of the money for whatever you like up to the Total Policy Limit.

How do I make a complaint?

We understand that sometimes things can go wrong. You are important to Us, so if You have reason to complain We want to know. We will try to resolve Your complaint quickly in a professional and helpful way. 

How to contact us 

You can contact either your representative (whose details are in the Policy Schedule) or Us by letter, phone or email using the contact details set out above.

How we will deal with your complaint 

The time it takes to resolve Your complaint will depend on how complex it is and how much investigation We have to do. We will always try to resolve Yourcomplaint as quickly as possible, keeping You informed of Our progress.  For further information, or if You wish to complain about any aspect of service Youhave received, please contact IOMA Life. If Your complaint is not dealt with to Your satisfaction You can also complain to the Financial Services Ombudsman Service for the Isle of Man. Copies of Our internal complaints procedure is available on request.  Holders of policies issued by IOMA Life will not have the right to complain to the UK Financial Ombudsman Service. 

How do I claim?

Should you need to claim simply call or email our claims and concierge service on the telephone number and email address contained within your policy documentation.

Can I cancel the plan?

Yes, you can cancel at any time. Simply login using the credentials provided in your welcome email and follow the instructions to cancel. Or, write or email our policy team at the address or email contained in your policy documentation.

Resurety Limited is authorised and regulated by the Financial Conduct Authority 
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Resurety Limited is registered in England & Wales as a company no: 11904769.
Trading Address: 7th Floor. 18 King William Street, Monument, London EC4N 7BP. .

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