Over 50s, Over 60s and Over 70s Life Insurance
If you're over fifty, you may be expecting it to be
hard to find life insurance. But as we start to live longer, insurance companies
are realising that the over-fifties want to insure their lives for
perhaps forty or more years. With people living well into their seventies,
eighties and longer, there is an increased need for life insurance for this age
group.
With people taking out mortgages later in life, you
may need insurance to pay off your mortgage in event of your death. You may need
to leave a lump some to pay off debts, or to care for your family after your
death.
Engage Mutual Assurance
What Life Insurance do Engage Mutual Assurance provide?
Engage Mutual Assurance provide life insurance
for UK residents aged between 50 and 80, with low cost premiums that are
guaranteed never to rise. This is a whole of life policy, which means that
your cover lasts for as long as you pay the premiums.
On death, the policy guarantees to pay out a tax-free
cash lump sum to your loved ones. Cover starts from as little as £8 per month,
and Engage Mutual Assurance offers guaranteed acceptance
with no medical
Get
your Engage Mutual Over 50s Life Insurance quote here >>
Liverpool Victoria 50 Plus
What Life Insurance do Liverpool Victoria provide?
Liverpool Victoria provide life insurance for UK
residents aged between 50 and 80, with low cost premiums that are guaranteed
never to rise.
Premiums start from £8 per month and Liverpool
Victoria guarantee to accept you for life insurance as long as
you are a UK resident aged 50 to 80 when your policy starts.
Get your Liverpool
Victoria 50 Plus Life Insurance quote here >>
Traditional Life Insurance that caters for the over-50s
What happens as I get
older?
Many companies will stop covering you when you reach
a certain age (normally around 70). So how do you get life insurance now? If you
choose not to take a whole of life policy like the one with Engage
Mutual Assurance, you could still take out traditional life
insurance. Even if you're 65 you can take out a 5-year plan with Direct
Line.
Which policy?
You'll need to choose between Life
Cover and Mortgage Life Cover. Life
Cover provides a lump sum that remains at the same level throughout the
term of the policy.
Mortgage Life Cover provides a lump
sum that reduces during the term of the policy in line with the capital
reduction of a typical repayment mortgage. Because the amount of the lump sum
reduces, the premium for this type of cover is usually cheaper than level Life
Cover.
Marks
and Spencer
The place where the over-50s used to buy their
y-fronts now covers people up to the age of 75, with a well-thought out policy.
An online quote is available. Marks & Spencer Life cover has a minimum term
of 2 years and a maximum term of 50 years.
Cover must cease before your 70th birthday, or if the
term is for 10 years or less, before your 75th birthday.
Marks and Spencer give you a 5% saving when you buy
online.
Click
here to visit Marks and Spencer Life Insurance
Direct
Line
Direct Line will let you take out a policy if you're
under 65. Cover currently stops at 70. They offer an online quote service.
In some instances they may require you to provide a
simple medical report or to undergo a simple medical examination. In most
cases this can even be carried out within the comfort of your own home. If
you require such a medical, free accidental death cover will be put in place for
you in order to allow the time for the medical process to be carried out.
Click
here to visit Direct Line Life Insurance
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