Can we separate our joint Funeral policy into two single policies?
Yes, if you choose to do this, one owner will keep the existing policy and a new policy will be issued for the other policyholder.
The 5% multi-life discount only applies while there is more than one life insured on the policy. If cover ends for the other life insured on the policy and there is only one life insured left, the discount is removed from the date when the next premium is due.