Guaranteed Over 50 Life Insurance

  tickGuaranteed Acceptance with No Medical

tick  Fixed monthly premiums from £10 (33p a day) 

tick   If you are healthy you could get at least 40% more cover

We compare Over 50s Life Insurance quotes with these companies:

 

 

Price Match

We'll give you £50 cash if you find a like for like policy cheaper elsewhere!

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  Aviva  LV      enage mutual     ageas     shepherds friendly

Could you get more life cover?

Looking for ways to get more for your money? Then why not compare over 50 life insurance plans and you could get at least 40% extra cover? Getting a quote is easy and you can see at a glance which company offers you the best deal that suits your needs.

 

Over 50 Plan with no Medical

A guaranteed over 50 plan is a whole of life insurance plan that pays out a cash sum when you die. 

Acceptance is guaranteed with no medicals or health questionnaires to complete; quite simply you will be covered regardless of any health issues you may have, as long as you are between the ages of 50 and 85*.

 

The over 50 guaranteed life insurance plan is an affordable way to leave money to those you care about, giving them the flexibility to use it in a way that suits them:

 
  •  Help with funeral costs


  •  Pay off outstanding debts or bills


  •  Use as a treat or to buy something to remember you by


  •  Leave as a gift for grandchildren

 


What are the benefits


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  Guaranteed acceptance – you will be covered regardless of any health issues

 

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  No medical or health questions to answer – just a straightforward simple application


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  Affordable monthly payments - starting from £10


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  Guaranteed cash sum when you die – that can be used to help your family financially


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  Fixed monthly payments – can help with budgeting


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  Full life cover after an initial period of 1 or2 years* – if you die within this period the money paid in will be refunded


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  Available to anyone in the UK between the ages of 50 – 85*

 

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  You choose how much you want pay on a monthly basis or how much cover you need
 

Funeral Benefit Option


Most over 50 life insurance plans now offer a funeral benefit option.  They vary slightly but typically, instead of having the money paid to your estate when you die, you can agree for it to be paid directly to a specified funeral director to help pay towards the cost of the funeral.  The option is usually free and in return you get additional life insurance cover.


If you are thinking about taking one of these plans out to help with funeral costs, it is worth looking at this option but keep in mind that you have to go with that funeral provider in order to get the additional life cover.

 


Things to consider

·    

  • If you were to die during the initial 1 or 2 year period*, you would not be covered for the full cash sum however your monthly premiums would be refunded


  • Premiums are payable for life or until your 90thbirthday*


  • Depending on how long you live, there is a chance you could pay in more than the plan pays out


  • The amount of money paid out when you die is fixed so inflation will reduce its value over time


  • If you cancel or stop paying your premiums, you won’t get any money back.


  • The money usually gets paid to your estate so may be subject to inheritance tax



 *Plans vary depending on the life insurance provider

 
 

Compare Over 50s Life Insurance

get quotes


Comparing Over 50’s Life Insurance is important if you want to be sure of choosing the best Over 50 Plan at the right price, so we have teamed up with Family Insurance Services, giving you access to the country’s leading Life Insurance Providers. 

 

Just click the ‘get a quote ’button, answer a few questions and we’ll do the rest. You can choose and buy your Over 50s plan online, or over the phone if you want advice or prefer to talk through your options.


Price Guarantee^: We deal directly with insurance companies to offer you their best rates together with our free advice and brokering services. If you are able to find a like-for-like policy cheaper elsewhere, we’ll complete the transaction for you and give you £50 cash


Why Choose Over50choices?

We specialise in personal finance for the over 50s: We are experts in Over 50s Life Insurance and Funeral Planning. With over 50 years financial services experience our aim is to help you make better decisions.



We compare these leading Over 50s Life Insurance Providers:


  • LV 50 Plus Insurance Plan


  • Shepherds Friendly Over 50’s Life Cover


  • Aviva Over 50s Guaranteed Lifelong Protection


  • Ageas Over 50s Life Plan


  • Engage Mutual Over 50s Life Cover

   

By Ashley Shepherd Managing Director Over50choices
 

 

Frequently Asked Customer Questions

How much life cover can I get?

Cover levels depend on the plan provider and of course the amount you are happy paying on a monthly basis but typically you should expect to get up to £25,000.

What does Over 50s Life Insurance cover you for?

Over 50s Life Insurance pays out an agreed amount of money when you die. The money can be left as a gift, to help pay towards funeral costs, or pay off any outstanding debts, loans, bills and also to help in making Inheritance Tax provisions.

Can I have Joint Over 50s Life Cover?

You can’t have a joint over 50 plan but your spouse or partner can always get a separate over 50 life cover plan, as long as they are between the ages of 50 and 80 (age limits do vary depending on the plan provider) and live in the UK.


Are Guaranteed Over 50 Plans value for money?

This is insurance and like all other insurance plans, they are there to protect us and give us peace of mind. Year after year we pay out hundreds of pounds on insurance. Car, home, mobile phone, travel, health, the list is endless. We dutifully pay our monthly fees, often paying in far more than we will ever claim.  

Over 50 plans are no different.

The longer you live, the more you pay so you could end up paying in more than the plan pays out. There is one difference with these insurance policies though and that’s the fact that when you die, as long as it’s after the initial one or two year period, they are guaranteed to pay out.

Can I get Over 60s life insurance?

It doesn’t matter whether you are Over 60, Over 70 or in some cases even over 80 (depending on the 50 plus insurance provider), you are guaranteed to be accepted for Over 50s Life Cover as long as you are between the ages of 50 and 85

Will I pay more in premiums than the plan pays out?

If you are pondering over whether you think an Over 50 Plan is the right choice for you, it’s probably worth doing the maths. The good thing is that because the amount you pay on a monthly basis and the amount paid out on death stays the same, it’s easy to work out. You just need to look at how many months you will pay your premiums for before they add up to the same amount as the cash sum paid out on death 

For example:

You agree to pay £12 per month for £2,000 of cover (this level of cover is just an example and will depend on your age) £2000 divided by £12 = 167: After 167 months, you would start to pay in more than the money paid out (i.e. the £2,000) 167 divided by 12months = 14: If you die within 14 years of taking the policy out, the money paid out when you die will be higher than the amount of money you have paid in.

If you live for longer than 14 years, you will pay more than the plan will pay out.

Which is the best Over 50 Plan?

This really does depend on your personal circumstances and what is important to you. Essentially one of the main points will be the level of cover provided which is why it is important to compare over 50 life insurance quotes.

 

Then consider which features are important to you. For example, is it important that your over 50 plan provides life cover after 12 months or are you comfortable waiting for 2 years? Are you looking to include the funeral benefit option? Would you prefer a plan that pays out if you are diagnosed with a terminal illness?

 

To help you decide, why not take a look at our Reviews section which provides a comparison of the UK’s leading plans in addition to a more detailed insight into what each has to offer.  

Can I cancel the Plan?

All Over 50 Insurance providers will have a cancellation policy allowing you to cancel and get any premiums paid refunded within certain period, typically the first 30 days. After this period you will still be able to cancel however you would not get any money back and the cover would end.

Why do Over 50 Life Insurance Quotes vary?

Over 50 life insurance quotes vary depending on your age, the amount you want to pay on a monthly basis and in some cases whether you smoke. You will also notice the cash sum available will vary by company so it is important to compare quotes from a range of providers before making your decision.

Is it worth considering the cheapest Over 50 Plan?

It is important that you choose an over 50 life insurance plan that is right for you, based on your personal requirements. Whilst the cheapest over 50 plan may tick the box in terms of low monthly premium, you need to be comfortable that the level of cover provided is suitable too.

 

By taking time to compare over 50 life insurance quotes, you’ll see at a glance the cash sum you could get based on the amount you want to pay on a monthly basis. 

Who offers the best Over 50 Plan Comparisons?

There are a number of companies that give you the opportunity to compare over 50 life insurance quotes from leading providers, Go Compare, Moneysupermarket, ComparetheMarket and of course this site.


The process is quick and straightforward. By answering a few simple questions, you will be provided with a range of life insurance quotes in minutes, saving you the time consuming task of searching the market yourself.  


Where can I get Over 50s Life Cover Advice?

To talk through your options or to get advice, simply call the Over50choices team on 0845 145 0070

Can an over 50 plan help with paying funeral costs?

Many people buy over 50 plans to help with paying funeral costs. By agreeing to pay a fixed premium on a monthly basis, a cash sum will be paid out when you die that your family can use to help with funeral costs.

 

In addition, most plan providers offer a free funeral benefit option which provides additional free cover if you agree for the cash sum to be paid directly to a specified funeral director. When the time comes, they will provide the funeral services using the proceeds from your life cover to help cover the funeral costs.   



Why do some companies offer over 50s life insurance with free gifts?

A number of companies offer over 50 plans with a free gift to thank you for choosing their plan however it is important that your decision to buy is based on the life cover provided and not swayed by any free gift that may be on offer.



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Why choose Over50choices?

Our company is authorised and regulated by the Financial Conduct Authority.

We specialise in personal finance for the over 50s and are experts in Funeral Planning.With over 50 years financial services experience our aim is to make your life easier and to help you make better decisions. We speak your language and not industry jargon.

 Taking control of life.

Over50choices Ltd (Reg No. 8411985) 27 Horsewhim Drive Kelly Bray Cornwall PL17 8GL. Authorised & regulated by the Financial Conduct Authority (FCA 594280).

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