Over 50’s Life Insurance plans are a great way of providing a guaranteed lump sum payment when you pass away. For many people with medical conditions, Level Term and Whole of Life policies can be either very expensive or impossible to secure; this is where the over 50’s plan come in.
An Over 50s Guaranteed Life Insurance plan offers a stress free and often affordable way for you to leave money to your loved ones after you’re gone; whether to help with funeral costs, pay off any debts or just as a gift.
You will be accepted for an Over 50’s plan without having to fill in any long health questionnaires or undergo a medical examination. As long as you are between the ages of 50 and 85, you will be covered no matter what health conditions you currently have or may have suffered from in the past.
Key Features of our life insurance for over 50 plan:
Your monthly premium amount will depend on the amount of cover you need and the age you are when you take out the policy. Below are a few examples:
(All figures are based on non-smokers rates)
As you can see from the figures above, the younger you are when you take out an over 50’s plan, the more cover you will get for your money.
Historically, insurers required that you would have to survive for at least 2 years before being eligible to claim on your policy. However, here at Your Life Protected, we are able to secure Over 50s Life Insurance policies that will pay out 150% of your premiums you have paid if a claim is made within the first 2 years, ensuring that you have at least some return.
If you would like to find out more about an Over 50’s Life Insurance policy and how you could apply simply click Get a Quote or give us a call on 01275 404268.
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