Ashley Shepherd is the founder and managing director at Over50choices. With over 30 years’ experience in financial services, he has held senior roles in building societies, banks and insurance companies.
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.
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.
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
Prepaid funeral plans are regulated by the FCA but by the Funeral Planning Authority (FPA).
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?
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.
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.
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.
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.
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.
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.
I said it would happen but I think you can safely say that the funeral plan price war has officially started, courtesy of todayrsquo;s announcement that Dignity has slashed its funeral plan prices.
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