Over 50s Life Insurance
What is Over 50s life cover.
Over 50s life insurance is a popular type of cover for people in the UK and is usually most suited to those who don’t want the cost of their funeral to be a burden to their loved ones.
The key benefits usually include:
You are guaranteed to be accepted for the policy.
There is no medical check (you will have to provide health and lifestyle information on your application though).
You don’t keep paying for your policy if you live past 90, but your cover will stay in place.
A guaranteed lump sum payout to your family in the event of your death.
At 2MinuteQuote, we are a leading life insurance broker in the UK. Our role is to advise you on the best type of cover for you and help you understand the array of life insurance products available. We believe the decision shouldn’t be based on which over 50s plan has the best free gift - we believe you should buy an appropriate product that will properly support you and your family financially should the worst happen.
Many people have a lot of questions regarding over 50s life insurance plans, so at 2MinuteQuote we have put together the most common questions we get asked and answered them for you!
Over 50s life insurance FAQs
Can I have joint over 50s life insurance?
There are some providers who can offer a joint over 50s life insurance plan. Give us a quick call today and we will be able to find out based on your requirements.
Can I get an over 50s life insurance quote?
Yes, you can speak to one of our industry experts and receive a quote for an over 50s plan with no obligation to buy it. Give us a call on our free phone number 0808 19 89 375 and let us know what it is you are looking for.
Is there over 50s life cover with free gifts?
Typically, if a life insurance provider has to convince people to buy their product with free gifts over a genuinely good product then they should be avoided. Many decent providers offer a free gift as a token gesture when purchasing their insurance product but if the free gift is being advertised more heavily than the actual policy, warning bells should be sounding.
Are there life insurance plans for over 60s and over 70s?
The over fifties life insurance plan is typically offered to people aged between 50 and 85. However, sometimes a whole of life plan might be more appropriate for those in the younger years of that age bracket. For this reason, specific plans for over 60s and 70s have been developed so give us a call on our Freephone number and we can find which providers would offer the best one for you.
What are over 50s life insurance policies?
Over 50s life insurance is designed to pay out a lump sum to your loved ones in the event of your death. Usually, it is targeted specifically towards those aged between 50 and 85.
There are differences between an over 50s plan and a whole of life policy, but the main difference is focused on the medical history of the policyholder.
No medical history is needed when taking out an over 50s policy and acceptance is guaranteed, provided you are aged over 50.
However, no-medical cover may not be the best for everyone. A thorough application with all health and lifestyle questions answered truthfully and fully is the surest way to ensure an accurate payout and an appropriate policy.
Premiums are normally paid until the age of 90, although some insurers may have a shorter or longer payment period. If you live beyond 90, your policy and your cover will still be active and you won’t have to pay any more premiums.
Don't hesitate to get in touch with us today and we'll be able to help find you the right cover!
What are over 50s life insurance plans used for?
Everyone's reasons for taking out a life insurance policy will be different. Over 50s plans are commonly chosen by people who want to guarantee that there will be a certain amount of money to pass on to loved ones.
Most policyholders want to be sure there is enough money to pay for their funeral so that their loved ones won't be left out of pocket at an already difficult time.
How do I find the best over 50s life insurance plans?
Best life insurance plans for over 50s in the UK can be a difficult field to navigate. It might be that whole of life cover might suit you best, or due to your age, a no-medical over 50s plan could be what you need.
Whatever life insurance products you need, 2MinuteQuote offer only the best advice when considering life insurance. We like to make sure our customers are fully aware of the policy terms, have the lowest premiums for the best cover, and are purchasing a product that is designed well and works for them specifically. For more information on how to apply for life insurance give us a call now.
Our number is free and our advice is impartial. Your quote is obligation-free and our team of advisors are friendly and at the ready to help!