In insurance, the term ‘cessation age’ refers to your age when your policy will end i.e. your cover will stop. FMI offers four cessation ages on our BPE policy and your chosen age is shown on your policy schedule.
When applying for a BPE policy, you can choose from four cessation ages (the age of the Life Insured at which the policy will end). These ages are 55, 60, 65, and 70. These different choices allow you to customise your policy according to your needs.
Your BPE policy will cancel on the policy anniversary following your chosen cessation age.