Why you need to consider Over 50s life insurance

The amount of life cover needed when you’re over 50 is probably much less than when you were younger simply because you probably have fewer debts and no mortgage payments to make. If you have children they are more likely to be grown up and have a family of their own.

However there are good reasons to get Over 50s Cover and that is why it is more popular than ever.

Guaranteed Cash Sum

The policies provide a guaranteed cash lump sum payment when you die which will help pay for funeral expensed and unpaid bills. The guaranteed sum could be used as a lovely gift for your grandchildren.

Up to £25,000 Cover

Some plans offer up to £25,000 of cover which is a huge amount considering cover can start from as low as £5 a month.

No Medical Required

Almost all policies have guaranteed acceptance which means there is no medical screening. Usually they accept all applicants aged between 50-80 who are UK residents. You need to check with individual companies though as sometimes the maximum age is a little lower.

Premiums are Fixed

The premium that you have to pay is almost always fixed and the cover will invariably continue for free when you turn 90.

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