Save Money On Over 50s Life Insurance
Search over 500 plans to find the best life insurance quote to suit your circumstances.
We compare the top UK insurers to find you the best over 50s life insurance quote.
It is important to compare life insurance quotes from lots of different companies, as some insurance companies are much more expensive than others, for exactly the same life insurance policy. That could cost you £1000's.
We'll find the right life insurance cover for you at the right price in 3 easy steps:
We compare the leading insurers including:
Over 50 Term Life Insurance
Term life insurance or assurance is the cheapest and simplest form of life insurance. It covers you for a fixed period (known as the "term" which you can choose) and pays out a one off lump sum which you can select, if you die during the policy term.
You can add critical illness cover to some insurance plans, which will pay out on the diagnosis of a qualifying critical illness or if you die during the term of the policy. You are covered for as long as you pay the monthly premiums. If you stop paying the premiums, the policy stops. Premiums depend on a number of factors including the amount of lump sum chosen, the length of term, the applicants age, gender, and if you are a smoker.
There are two popular types of term insurance:
Type One - Level Term Life Insurance - Lump Sum Remains Fixed
Level term life insurance pays out a lump sum on the event of death during the selected term. The lump sum remains constant throughout the period of the life insurance term.
Type Two - Decreasing Term Life Insurance - Covers Mortgage Balance
Decreasing term life insurance which is also known as mortgage life insurance covers you for a set term and pays out a lump sum if you die during the policy term. Unlike level term insurance where the lump sum remains fixed, with this plan the amount of cover decreases over the term of the policy in line with the amount outstanding on a repayment mortgage. Although the lump sum decreases over the term with this type of cover the premiums remain the same.
Over 50's Life Insurance
It's a fact that life insurance cover is harder to come by the older you get. You may think you've left it too late to get affordable life cover - that's where Over 50 Life Cover can help.
We will search the whole of the life insurance market to find you the best over 50 life cover to suit your circumstances.
Many people aged between 50 - 85 don't have this simple, reassuring protection. Life insurance could be an ideal way to leave some money behind - for your partner, family or friends or perhaps to help towards funeral expenses, or outstanding bills.
Could your family afford to pay for your funeral?
None of us like to think about our funeral but taking the time now could help your family at a very difficult time. Most people underestimate the cost of a funeral and so you may be surprised just how much it can be.
Research has shown that the average cost of a basic funeral in the UK is £2,700 and is on the increase. When selecting life insurance cover it is important to make allowances for the increase in the cost of living as the amount you select now will not be worth as much in the future.
Over 50 Life Cover have helped 1000's of customers organise their financial affairs. Why not take 2 minutes to complete the short form on this page to see how we can help you!
*Figures are indications of savings only and based on a £100,000 life insurance policy for a female aged 30, non smoker and without a pre-existing medical condition. The rate is based on a 25 year level term policy, sourced on a guranteed basis. Correct as at March 2012.Links