Over 50’s Life Insurance

Two older people enjoying the outdoors

What is over 50s life insurance?

Typically aimed at those aged between 50 and 85, over 50s life insurance will pay a substantial lump sum to the policy-holder’s family or named loved ones in the event of your death. It is often used to pay for funeral costs.

The benefits of over 50s cover

One of the main benefits of an over 50s life insurance policy is that you are guaranteed to be accepted, no matter your health status, due to the fact there is no medical check.

Other advantages include:

  • A cash lump sum is guaranteed to be paid to your loved ones.
  • When you reach 90, you stop paying your premiums but the cover remains in place.
  • Premiums are affordable – usually because the payout isn’t huge with this policy.
  • Some providers may offer early payouts if you fall seriously ill – this may only apply after 2 years of putting the policy in place.

While you don’t need to undergo a medical check, you will be asked whether you currently smoke or have previously smoked. Either way, you are still guaranteed cover, but your premiums may increase if you are a smoker.

Over 50s life insurance can provide you with the security that your funeral costs will be covered and that your loved ones won’t have to suffer any further loss. The lump sum payment amount would be dependent on the agreed cost of premiums.

How much is life insurance for a 50-year-old?

The cost of your life insurance premiums depend entirely on you, the policy-holder, and your situation.

Due to the fact that getting insurance for someone over 50 is more risky than getting cover for a healthy 29-year-old, you will probably find over 50s premiums to be slightly more expensive. However, at Unite Life, we work with some of the best insurance providers in the UK, so we are able to search for the cheapest and best policy to suit you.

Don’t hesitate to get in touch today for an obligation-free life insurance quotation.

How to find the best over 50s life insurance plan

If you would like to find out more about over 50s life insurance, or any other type of cover, then we can help you at Unite Life. We do our best to make everything as simple as possible, explaining any jargon fully and making the process of getting a policy as straightforward as possible.

Call us today using our free number below or complete our short contact form for one of our friendly advisors to call you back at a convenient time. You are under no obligation with us and our initial advice is free!

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