With our Over 50s Life Cover, you can leave your loved ones money when you pass away, as a gift or to help pay for your funeral, from just 3.95 a month. That's only 13p a day!
5 reasons to buy life insurance
1. The costs start at 1.5 a month, but what's paid out depends on your age when you sign up. 2. If you die within the first two years, you won't get a fixed lump sum. Instead you'd get back what you paid in, plus 50% on top. The exception to that is if you die in an accident (such as a car crash) you'd get the full lump sum due.
3. 3 times your benefit amount up to 60,000 - if death is due to an accident,
4. Immediate cover for accidental death - if you die from an accident in the first year. 5. Full cover - after just one year. Some make you wait two years.
Peace of mind for you and your family
Over 50s life insurance is life-long cover, also known as whole of life insurance. A fixed cash sum when you die, after you have had your plan for two years. If you die in the first two years, we'll pay out everything you've paid in, plus half as much again.
And Accidental Death Benefit means we'll pay the full cash sum if you die as the result of an accident, even if you've had your plan for less than two years. No medical, guaranteed (if you're aged 50-85 and a UK resident). Fixed premiums start from just 1.50 a month - the lowest in the market.
Fixed premiums
Everyone's different and we want you to get the life cover that you need. Here are a couple of ways that you can tailor your plan to fit you perfectly.
No one's needs are the same, so we offer two products.
As well as our Over 50s Life Insurance policy, we also offer Over 50s Life Insurance with the Lifetime Payback Guarantee. If you choose this policy, you'll get all the same benefits as our Over 50s policy plus your loved ones will either get back your cover amount or the total premiums you have paid - whichever is more.
You can choose any premium, starting from 3.90 up to a maximum of 74 (96.20 if you choose the Premium Cap Option), as long as your life cover, across all your Guaranteed Over 50 Plans, doesn't exceed 18,000. You'll pay this amount every month for life, or, if you choose the Premium Cap Option, for the length of time you have agreed to pay premiums.
You should choose a premium that you're comfortable paying - if you stop paying towards your plan, we would have to cancel your plan and you wouldn't get anything back. You should also remember that, depending on how long you live, you could pay in more than the cash sum we pay out.
The other disadvantage of a fixed payout is that the amount could potentially be eroded by inflation. The lump sum may seem a lot when you sign up for the policy, but will it still have the same financial significance 20 or 30 years down the line?
Immediate cover for accidental death
As soon as your Over 50s Life Insurance policy is set up, you'll be covered for accidental death. For the first 24 months, a benefit amount will only be paid in the event of accidental death.
You will be covered for death by any cause after just 24 months.
Furthermore, term life insurance isn't best suited to everyone. If you're over 50 and have paid off your mortgage or have children who are grown up, your needs will be very different to a 35-year-old who has a young family and 20 years of mortgage payments to make. This is where over-50s life insurance comes in.
5 reasons to buy life insurance
1. The costs start at 1.5 a month, but what's paid out depends on your age when you sign up. 2. If you die within the first two years, you won't get a fixed lump sum. Instead you'd get back what you paid in, plus 50% on top. The exception to that is if you die in an accident (such as a car crash) you'd get the full lump sum due.
3. 3 times your benefit amount up to 60,000 - if death is due to an accident,
4. Immediate cover for accidental death - if you die from an accident in the first year. 5. Full cover - after just one year. Some make you wait two years.
Peace of mind for you and your family
Over 50s life insurance is life-long cover, also known as whole of life insurance. A fixed cash sum when you die, after you have had your plan for two years. If you die in the first two years, we'll pay out everything you've paid in, plus half as much again.
And Accidental Death Benefit means we'll pay the full cash sum if you die as the result of an accident, even if you've had your plan for less than two years. No medical, guaranteed (if you're aged 50-85 and a UK resident). Fixed premiums start from just 1.50 a month - the lowest in the market.
Fixed premiums
Everyone's different and we want you to get the life cover that you need. Here are a couple of ways that you can tailor your plan to fit you perfectly.
No one's needs are the same, so we offer two products.
As well as our Over 50s Life Insurance policy, we also offer Over 50s Life Insurance with the Lifetime Payback Guarantee. If you choose this policy, you'll get all the same benefits as our Over 50s policy plus your loved ones will either get back your cover amount or the total premiums you have paid - whichever is more.
You can choose any premium, starting from 3.90 up to a maximum of 74 (96.20 if you choose the Premium Cap Option), as long as your life cover, across all your Guaranteed Over 50 Plans, doesn't exceed 18,000. You'll pay this amount every month for life, or, if you choose the Premium Cap Option, for the length of time you have agreed to pay premiums.
You should choose a premium that you're comfortable paying - if you stop paying towards your plan, we would have to cancel your plan and you wouldn't get anything back. You should also remember that, depending on how long you live, you could pay in more than the cash sum we pay out.
The other disadvantage of a fixed payout is that the amount could potentially be eroded by inflation. The lump sum may seem a lot when you sign up for the policy, but will it still have the same financial significance 20 or 30 years down the line?
Immediate cover for accidental death
As soon as your Over 50s Life Insurance policy is set up, you'll be covered for accidental death. For the first 24 months, a benefit amount will only be paid in the event of accidental death.
You will be covered for death by any cause after just 24 months.
Furthermore, term life insurance isn't best suited to everyone. If you're over 50 and have paid off your mortgage or have children who are grown up, your needs will be very different to a 35-year-old who has a young family and 20 years of mortgage payments to make. This is where over-50s life insurance comes in.
About the Author:
One of the key benefits of best over 50 life insurance uk is that there is no medical requirement when you apply, meaning that you will have guaranteed acceptance should you wish to take out a policy. Apply now for no medical life insurance .
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