Over 50s life insurance explained
What is over 50s life insurance?
Over 50s life insurance ([ Ссылка ]) is a type of policy ([ Ссылка ]) for anyone between the ages of 50 and 80. As long as you keep up with your monthly premium payments, you’ll be covered for the rest of your life. When you die, your loved ones are guaranteed a fixed cash lump sum.
Is acceptance for over 50s life insurance guaranteed?
With an over 50s life insurance policy, you’re guaranteed acceptance. This means there are no medical exams and no health-related questions to answer. This means, whatever your health condition, you’ll be able to find cover that guarantees a payout to your loved ones, when you’re gone.
Do I need over 50s life insurance?
As you get older, you might start thinking about the loved ones you’ll leave behind when you’re gone. If you’re worried about leaving them with a financial burden, the right over 50s life insurance policy can offer you peace of mind.
With its guaranteed payout, it can be used to help pay funeral costs ([ Ссылка ]) a mortgage ([ Ссылка ]) or be left as a cash gift.
It’s not a legal requirement, like car insurance ([ Ссылка ]) but it’s well worth considering.
How do I take out over 50s life insurance?
With Comparethemarket, you can compare over 50s life insurance quotes in minutes. Just pop in a few details and we’ll do all the work for you.
When you compare over 50s life insurance quotes, the policy that suits you best will depend on your specific requirements. So, read the details of each quote closely, to get the right cover that you need.
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