Get ready for a smooth & stress-free process
Want to speak with an expert?
Leave your name and contact information below and we'll be in touch!
4 key things to bear in mind when preparing for your quote...
Your Health
Your health plays a crucial role in determining your life insurance premiums. Insurers assess your medical history, current health conditions, and any risk factors to gauge your life expectancy. Better health typically means lower premiums, so it’s important to be honest and thorough about your medical history.
Your Occupation
Certain occupations carry higher risks than others, such as those involving manual labor or hazardous environments. Insurers consider these risks when calculating your premiums, so be prepared to provide detailed information about your job duties and work environment.
Your Age
Age is a fundamental factor in life insurance pricing. Generally, the younger you are, the lower your premiums will be. This is because younger individuals are statistically less likely to file a claim in the near future. It’s advantageous to secure a policy early to lock in lower rates and ensure long-term coverage.
Your Lifestyle
Lifestyle choices such as smoking and high risk hobbies can impact your life insurance rates. Insurers evaluate these behaviors to determine your overall risk level. Leading a healthy lifestyle can help you obtain more favorable premiums, so it’s beneficial to disclose any relevant lifestyle habits.
Get ready for a smooth & stress-free process
10,000+
Mortgage Products
100+
Mortgage Lenders
10+
Available Insurers
100%
Tailored Service
We can compare products from 10+ insurers
If you’ve got questions, we’ve got answers…
Over 50s life insurance is a type of life insurance policy specifically designed for people over the age of 50. There are no medical questions so anyone over 50 and under 80 will be accepted on the plan. As such, this is often a more suitable type of policy for those who have more complex medical histories or who simply choose not to answer medical questions. An over 50s live insurance policy runs from when you take out the policy till you pass away, as long as you make all your monthly payments on time, your beneficiaries will receive a payment in a lump sum.
Over 50s life insurance and Traditional Life Insurance policies have some key differences. Over 50s life insurance has a guaranteed payout as long as you maintain the premiums, no matter what age you pass away. Conversely, with term assurance you are covered for a defined period of time, for example, you may want cover for the duration of a mortgage. With Over 50s insurance, if you live past the age of 90, you no longer need to pay your premiums but the policy will still pay out.
No, there are no requirements for a medical or acceptance when taking out an over 50s insurance policy. With most providers, full cover is payable two years after taking out the policy.
The cost of over 50s life insurance can start from as low as £10 per month, this will depend on your age and the amount of cover you need. Like with any insurance product, the higher your monthly premium the more your beneficiaries will receive in a lump sum when you pass away.