Author Archives: officeitsystems

50 and over life insurance – some key information

Whatever you have planned for your retirement, it is very important to ensure that your family and those who are special to you are taken of should something happen to you, and you are no longer around to take care of them.

If you are thinking ahead, then you will know that it is never too soon to make plans for when you are no longer around and having some kind of life insurance plan can help with that by offering some financial protection.

Some people assume that life insurance cover when you are over 50 is actually expensive and complex, thus requiring a lot of work.  However, this is really not the case.

These days you can get 50 and over life insurance very easily and usually there is no medical required at all.  It is also very affordable.

50 and over Life Insurance choices…

In what is a very competitive market there are a number of products and life insurance policies that are on offer and they are not necessarily specifically aimed at you (like 50 and over life insurance for example).  Therefore they can include things like whole of life insurance (which is a policy that will give you protection until you die).

50 and over Life Insurance: the basics

There are a wealth of companies offering 50 and over life insurance for people, that are designed just for you.  If you utilise a comparison website to find one of those policies then you could end up up saving money and discover that it is easy to find cover, all in one place.

  • Am I eligible? 50 and over Life Insurance plans usually require no medical history checks or questions.  If you are over 50 then you will be able to sign-up for a plan.
  • How much will I pay? The fee for 50 and over life insurance is fixed each month and continues for the duration of the policy.  Therefore, you will know what you need to pay each month, with no uncertainties. However, once you reach a specific age (dependent on the insurer) then you will no longer pay anything, but will retain the benefits of the policy until you die.

50 and over Life Insurance – more details

It is vital to understand that dependent on how long you live you could end up paying more premiums than the plan will pay out.  Additionally, your plan could be subject to inheritance tax (dependent on the size of your estate).  These obviously will depend on your situation.

A 50 and over life insurance plan in terms of cost will vary depending on your gender and whether you smoke.

Having cover offers peace of mind for many people, who do not want to leave their children or their partner with a financial burden when they die.

If you are thinking of taking out 50 and over life insurance why not use our quote form and get a range of comparison quotes today?

Why get 50 and over life insurance?

50 is the new 40 and it has been for a while now apparently, but that does not mean you can’t plan for the future a little bit and make sure that your loved ones have some kind of security should something happen to you. It’s actually very easy to sit back and assume that now the kids have left home and that the mortgage is paid off that you’re all sorted.  However, with things like inheritance taxes and funeral costs to consider when someone passes away, it can be a real struggle for those left behind.

The average funeral costs around £3200 now, which means that your family will have to arrange this should you die.  This can be a real struggle during what is already a difficult time, which is where 50 and Over Life Insurance can really help.

Fotolia_33433016_XS

Continue reading

Welcome to 50 and over Life Insurance

Welcome to 50 and over Life Insurance, the specialist life insurance comparison website for people aged between 50 and 80 years of age.

We specialise in offering those over 50 a life insurance comparison service that is free, carries no obligation and seeks out the very best life insurance deals for your circumstances.

Over the coming weeks and months we’ll be updating our website with articles and news about the life insurance sector  - with a slant on the over 50s over course!

We understand that sometimes you can be overwhelmed with all the choices available to you and that you may not always understand what type of cover you need, but we aim to give you the information and the facts to help you find the right answers!

Do check back with us regularly!