Over 50s Life Cover pays out your chosen sum assured when you die however old you live to, as long as the monthly premiums are maintained (after the first 24 months).
There are no medical questions so acceptance is guaranteed for any UK resident over the age of 50. As a result the premiums can be more expensive than term insurance and whole of life cover. It’s important to remember that inflation will reduce what your cash sum will buy in the future, so take this into account when you’re choosing how much cover you need.
What you can use the plan for:
- Protect your loved ones
- Pay for your funeral
- Leave a lump sum behind for your children or grandchildren
- Instant cover available in most cases
- Protect your family