At least 40% more life cover!
Yes you read that correctly. A regular whole of life insurance plan could give you at least 40% more cover than its heavily advertised relation, for example the Sunlife Over 50 plan with free gift.
Not convinced? Think I’m exaggerating? Don’t just listen to me; look at the facts.
Based on a non-smoker paying £10 a month, the following table shows regular and guaranteed life insurance comparisons for the over 50s, 55s, 60s, 65s and 70 year olds:
Until now were you aware that when it comes to whole of life insurance there is another option available as well as the guaranteed over 50 plan? No?
Well don’t worry, you’re not alone.
Thousands of Over 50s, 60s and 70s apply for guaranteed over 50 plans each year with little knowledge that for some, there is another option that could give them more life cover for their money; at least 40% more!
Joining the likes of Which? and Martin Lewis of Daybreak TV fame; we have been campaigning for greater awareness of the options available to Over 50s seeking whole of life insurance ; options which until now have fallen on deaf ears.
It’s not that guaranteed over 50s life insurance doesn’t have a place; it does. If you’re looking for simple affordable life insurance with a straightforward application process that doesn’t depend on the state of your health; or you have been turned down for other forms of life insurance before, then a guaranteed plan could be a good option.
However if you are in good health and happy to go through a lengthier application process that does include health and lifestyle questions, then isn’t it worth at least getting quotes to see for yourself how much more cover you could get?
Yes there is a chance your application could be turned down but there is also a chance you could get much more cover for your money; or if you had a set amount of cover in mind, reduce the amount you pay on a monthly basis.
Impressed? I thought you might be. At the end of the day if you do get turned down you can always opt for the guaranteed over 50s plan so what have you got to lose?
Next time you sit down to compare over 50s life insurance, take time to compare both options.
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