Over 50s life insurance works by paying set premium every month, and when you pass away your beneficiaries receive a pay out to help in a difficult time.
Your cover will continue for the rest of your life. Some providers stop taking payments when you reach a certain age, but your cover remains in place for a lifetime.
When you pass away, your loved ones receive a fixed cash lump sum. If you’ve only had your policy for a couple of years, some providers will return your premiums instead.
One common limit for life insurance policies for people over 50 is the length of the policy. While you can get up to 30 years when you get a policy at a younger age, life insurance for seniors may come with more restrictive terms.
Make sure that you understand what's being offered to you. This can help you avoid overpaying for a policy that doesn't offer enough protection. Ask the provider about any details on the policy that aren't clear.
Compare quotes and features from a range of providers. This can help you find more manageable premium costs. If you have fewer financial commitments as the years go by, you might also consider a reduced cover level.
When applying for cover, consider joint coverage with your partner, as you may be eligible for a discount on your premiums. Check out the latest life cover deals and discounts.
Advisor policies can offer tailored cover – which can include more pre-existing conditions – for those over 50. You'll need to show information about your medical history during the application.
Over 50s life insurance - typically taken out between the ages of 50 and 80 - is paid out as a lump sum and can be used to help with financial commitments when you pass away, such as funeral costs, outstanding bills or even as a gift to loved ones.
Over 50s life insurance could be important to help make sure your loved ones are taken care of. A lump sum is paid after you die which can be used towards funeral costs, outstanding debts or even leaving a gift for your loved ones.
The cost of over 50s life insurance depends on things such as your age, smoker status and how much cover you want. Think about if you have a mortgage and other outstanding credit or debts to your name.
Find out how over 50s life insurance can help to ensure that your loved ones are taken care of financially, by simply filling in the form to receive a call for your no obligation quote, and to get any questions you may have answered by our friendly experts.
Quoted rates may vary and are subject to individual status and medical underwriting. Correct as of 25th March 2022.
non-smoker in good health
non-smoker in good health
non-smoker in good health
Quoted rates may vary and are subject to individual status and medical underwriting. Correct as of 25th March 2022.
non-smoker in good health
non-smoker in good health
non-smoker in good health
non-smoker in good health
non-smoker in good health
non-smoker in good health