Over 50’s Life Cover
Protects Your Family
and it doesn’t have to cost the earth…
Over 50’s Life Cover
Naturally, as you might expect, life insurance does generally become more expensive the older you get as your risk of passing away increases. However some providers offer specialised cover for people aged 50 or older, so these groups can find affordable life insurance.
Over-50s life insurance policies offer guaranteed acceptance, so you’d be able to get coverage regardless of your current health or lifestyle.
They also offer a guaranteed pay-out providing:
- You survive the qualification period: Over-50s policies often come with a qualification period known as a moratorium, which lasts between one and two years. If you survive this period your beneficiaries will receive the full amount, but if not the pay-out will be based on the amount you’d paid in until then
- You don’t miss any payments: So long as you keep up with your payment schedule your beneficiaries will get their pay-out. But if you miss a payment the policy will lapse – you’ll no longer be covered and you won’t get any return from your previous payments
Questions about Over 50’s Cover?
Here’s some commonly asked personal insurance questions
Can older people buy life insurance?
In short, Yes, but as life insurance premiums rise with age, older people will almost certainly pay more for cover.
It is still possible to take out life insurance when you are in your 50s, and some firms will accept you without medical or health questions.
Would I be able to cash in my plan?
Over ’50s Fixed Life Insurance is not a savings or investment product and has no cash value unless a valid claim is made.
THINGS TO NOTE
If you wish to speak with someone about personal insurance cover and/or the products currently on offer. You can request a callback by providing a few details for a no-obligation conversation.
This would be normally done during 24-hours of submission during normal working hours.
Please note that in doing so the details you provide will/may be shared with our insurance partners, to purely be able to provide you with a better informed, and more personalised information.