Over 50’s Life Insurance, also known as Over 50’s Life Cover or Over 50’s Plan, is designed around the specific needs of those aged 50 and over. This type of cover is quite literally a form of life assurance as a pay-out is assured as long as you pay your premiums. As you age, securing affordable life insurance can become tougher, especially if you have a medical condition. That is why an Over 50’s Life Insurance Plan is more desirable as it does not require medical information and guarantees acceptance.
With this policy, you pay fixed, monthly premiums. When you pass away, the policy will pay out a cash lump sum to your loved ones, which can be used to cover the cost of your funeral, to pay an inheritance, to pay off any outstanding debts or to ensure your loved ones can comfortably maintain their lifestyle.
Please note that the descriptions above do not constitute as financial advice and may change dependent on individual circumstances and budgetary requirements. For quick and easy quotes, please get in touch on 0161 241 6146 and one of our friendly and knowledgeable advisors will be able to help.
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