Personal Finance Blog @ Over50choices

Can you have more than one over 50s plan?

You can have more than one over 50s plan and beneficiaries can make multiple life insurance claims when you die. However, providers do restrict the maximum amount of life cover allowed per person.

Can I get Life Insurance over 60 years of age? Image

19th Sep 2019

Can I get Life Insurance over 60 years of age?

Life insurance for over 60 year old’s is widely available in the UK. More commonly known as over 50 plans, over 60 life insurance guarantees to pay a cash sum when you die. A simple and affordable way of leaving money for family.

How much equity can I release from my home? Image

29th Aug 2019

How much equity can I release from my home?

The amount of equity you can release from your home ranges from 20% to 50% of the property value. However, this depends on your age and the value of your home. Usually the older you are, the more equity you can release

What does the Funeral Planning Authority do? Image

26th Aug 2019

What does the Funeral Planning Authority do?

Prepaid funeral plans are regulated by the FCA but by the Funeral Planning Authority (FPA).

23rd Aug 2019

Is Equity Release a good idea?

Equity release or Lifetime Mortgages as they are known are becoming more popular as people look for ways to increase their income

Jobs for over 50s at all time high Image

30th Jul 2019

Jobs for over 50s at all time high

2019 has been a bumper year for jobs for the over 50s, with employment levels at an all time high and growing numbers becoming self employed; but what is the real story behind the headlines?

What happens to equity release when you die Image

12th Jul 2019

What happens to equity release when you die

Equity release is repaid when you die or move into long term care, usually from the proceeds of the sale of your property. Read more.

04th Apr 2019

What is equity release?

Equity release is a way of unlocking money that is tied up in your home, giving you a tax free cash sum to use how you wish. There are no monthly repayments and the cash can either be taken as a lump sum or drawdown when you need it.

10th Jan 2019

Is there a Saga Funeral Plan?

Saga is well known for providing information, products and of course holidays for the over 50s but as yet they do not offer Saga Funeral Plans.

01st Jan 2019

Alternative Funeral Services

Although the majority of families still stick to tradition when it comes to funerals, an increasing number of people across the UK are now considering other options and looking for alternatives to a funeral service.

The Problem with Pay Now, Die Later: Funerals Uncovered TV Programme Image

12th Oct 2018

The Problem with Pay Now, Die Later: Funerals Uncovered TV Programme

I watched last nightrsquo;s ITV Tonight showrsquo;s documentary lsquo;Pay Now, Die Later; Funerals Uncoveredrsquo; with varying degrees of frustration and sadness.Frustration at the lazy, one sided, sensationalised way the documentary was filmed and sadness that this blatant scaremongering will now put some viewers off pre-arranging their funeral services with a funeral plan.

Equity Release Council Autumn 2018 Market Report Image

25th Sep 2018

Equity Release Council Autumn 2018 Market Report

The Equity Release Council Autumn 2018 Market Report is out and makes very interesting reading on the way we view property and the part it is starting to play in our retirement and later life planning.

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