> Life insurance for the over 50s does not need to be expensive. Compare the whole market at once and save up to 40% on life insurance for the over 50s.
Life cover policies designed for people over 50 have existed for a long time, but they are now more popular than ever, have a read and find out why.
Life Insurance for the Over 50s
You do not have to be over 50 to take out life insurance, however many life insurance providers produce ‘over 50 plans’ that target older customers. Perhaps the act of turning 50 acts as a reminder that you need to plan for the future and make sure that your family will be financially compensated in the event of your death.
Over 50 Plans
Most over 50 plans are provided with guaranteed acceptance, which simply means that there will be no medical. You need to check with each individual provider to make sure this is the case, but over the last 5 years we have seen this become the industry standard.
Taking out an over 50 plan allows you to leave a cash lump sum for your loved ones once you've gone. The cash sum is paid out swiftly after your death, usually after the policy has been in force for two years.
Not all over 50 plans are the same, in fact they can be very different which is why it is always best to compare more than one policy. Complete our short form and we will compare the market for ‘over 50 plans’ and will find you the best deal available.
You can decide whether to include critical illness cover with your life insurance policy. You can also choose level cover or decreasing cover.
For further information please see our glossary.
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