Compare Over 50’s Life Insurance


Never a fun topic to discuss, but important none the less. Over 50’s Life insurance is a contract between you and an insurance company that pays out a tax free lump sum to your beneficiaries in the event of your death. Over 50’s Life Insurance offers guaranteed acceptance and requires no medical underwriting. Your policy will last your entire life providing you pay your premium, making Over 50’s life insurance a popular policy choice.

The main purpose of Over 50’s life insurance is to provide a lump sum payment to your family upon your death. The payout could be used to help pay off funeral costs and pay off debts like a mortgage.



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HOW DOES OVER 50’S COVER WORK? 


Over 50s life insurance was created specifically to meet the needs of the older generation. Here is how an Over 50’s Life Insurance policy works:

Pay a Fixed Premium Amount

You will pay a fixed amount every month into your insurance

Lifetime Cover

By continuing to pay a monthly premium, your cover will last for life.

Get a fixed tax free lump sum

When you pass away, your family or beneficiary’s will receive a tax free lump sum.


BENEFITS
Guaranteed Acceptance ✓ No Medical Disclosures Required ✓
Lump Sum Payment To Family ✓ Premiums From £10 P/M ✓
Available To UK Residents Aged 50-80  ✓  Fixed Premiums ✓


Your Age

Put simply, the older you are taking out life insurance, the higher your premiums will be.

Getting cover earlier means you will be locked into a lower premium for the rest of your life.

compare life insurance

Your Lifestyle

Your lifestyle will have an impact on your insurance costs, if you smoke for example, there is a higher risk of health issues.

The Lump Sum You Require

Deciding how much money you would like to leave behind – naturally, a larger payout means higher premiums.


Why SavingSuperStore?


We have partnered with Assured Futures to showcase the best life insurance deals available on the market.

Here are some of the ways we assist you getting the best Over 50’s insurance for you and your family:


Guaranteed Acceptance

No isn’t an option. If you are aged 50 or above, you are guaranteed to get the cover you choose – there is no requirement for medical exams.

The Best Deals For You 

Our partnership provides access to a wide panel of leading providers, allowing you to easily sort and compare your quotes to find the right one for your needs.

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Save Time. Save Money.

Simply provide a few details and view multiple quotes in seconds.

Choose the policy for you, and get covered.


Free Additional Services with ANY Policy


If you take out any Insurance policy whether Life, Health, Over 50’s or Income Protection with our partner, you are entitled to:

– A single will worth £80 or a Couples Mirror Will worth £130 – provided by MyLastWill –

– Free WellBeing Support through HealthAssured – supporting your financial, mental and physical wellbeing. HealthAssured are an award winning support service that offer: 24-7 Confidential Support Line and an Online Health Portal for easy access –

Some areas you can use these services for include: Family Issues, Financial and Tax Information, Legal Information, Bereavement and Housing Concerns.

(Upon your policy going live our partner will send you a welcome email with details on how to access the services)




FAQS

Providing you are aged 50 to 80 then you should be eligible for over 50’s life insurance. Put simply, the older you are taking out life insurance, the higher your premiums will be. Getting cover earlier means you will be locked into a lower premium for the rest of your life.

Yes you can have more then one policy, if you have a policy and are thinking about obtaining another, check with your provider to see if they have a maximum combined amount of cover.

One of the many reasons Over 50’s policies are popular is due to the fact you do not require a medical exam. Most insurers will accept you no matter your medical history.

Yes, if you have pre-existing medical conditions you can get Over 50’s cover, as this type of policy does not require a medical exam. Most insurers will accept you no matter your medical history.

With Over 50’s cover, the premiums you pay are not likely to increase. Most premiums are fixed and won’t increase year by year, regardless of inflation. You should check your premiums and ensure they are fixed prior to taking a policy.

Whilst we cannot advise you on what is best in regards to tax, putting a life insurance policy in trust is a smart thing to do, as it means if a claim were to be made, the money would be paid directly into the trust where your beneficiaries can easily access it. If your policy is not put into trust then your beneficiaries may be required to pay inheritance tax on the Life Insurance pay-out, depending on the value of your estate.

As always it is worth comparing different insurers to make sure you get the right Over 50’s life insurance for you. Some insurers could offer a cheap initial quotation and then increase your premium because of things like medical disclosures. Our partner has access to the widest panel of Life & Health insurers and will be able to help advise the best insurer and policy for your needs.


SavingSuperStore are an Introducer Appointed Representative of Assured Futures Ltd, who are authorised and regulated by the Financial Conduct Authority (FCA) under FRN: 176392.