Over 50s life insurance is aimed at anyone between the ages of 50 and 80, who needs cover to pay for funeral expenses, or leave a gift to their loved ones. Over 50s insurance is competitively priced, policies start at as little as £10 a month. There are often no medical questions during the application, you just need to be over 50 to get cover, making this ideal for anyone with pre-existing conditions or a more complex medical history.
Over 50s life insurance is a whole of life type insurance policy, as long as you make your payments, your loved ones are guaranteed to receive a payout. Many providers won’t ask you to pay your premiums after the age of 90 – meaning that you’ll have life cover for free once you reach a certain age.
Over 50s life insurance is a type of whole of life insurance policy specifically designed for people over the age of 50. There are no medical questions so anyone over 50 and under 80 will be accepted on the plan. As such, this is often a more suitable type of policy for those who have more complex medical histories or who simply choose not to answer medical questions. An over 50s live insurance policy runs from you take out the policy till you pass away, as long as you make all your monthly payments are on time, your beneficiaries will receive a payment in a lump sum.
