What is over 50′s life insurance?
An over 50 life insurance policy pays out a lump sum when you die. The money could be used to help with things like funeral costs but it can also be a way to leave a financial legacy for your children or grand children.
Why get over 50′s life insurance?
There is an inevitable end for us all sadly, but none of us knows when it may be and for that reason over 50′s life insurance can at least make sure that should we die our partner or family will have some help with the costs.
While none of us likes to think about this, it is something that can put added pressure onto families during what is a devastating time.
Over 50′s life insurance is on offer from a range of insurers and there are a number of non-medical over 50′s plans available (usually you have to be between 50 and 80 and a UK resident to qualify).
Another plus point to over 50′s insurance is that many companies now offer gifts or even cash back when you sign-up for a policy, so it’s worth shopping around for life insurance comparison quotes to get the best deals.