Over 50 Life Insurance Reviews: The Leading Providers in the Spotlight

Apr 22, 2014
Over 50 Life Insurance Reviews: The Leading Providers in the Spotlight

No doubt you will by now have seen the many adverts on tv and in the press for Over 50 life insurance but with so many plans on offer, how do you know which one to choose?

Our Over 50 Life Insurance Reviews will help you see what’s on offer from the UKs leading insurance providers and understand the differences between the various plans, so you can be confident about choosing the best over 50 life insurance plan, based on your own personal needs.  

Each review will give an independent assessment on the country’s top providers including:

•    LV
•    Engage Mutual
•    Sun Life Direct
•    Aviva
•    Ageas
•    Shepherds Friendly

Explaining everything you need to know about these guaranteed whole of life insurance plans, I will take a closer look at the company, how their plans work; payment options and most importantly what makes them different from other over 50 plan providers.

There’s no getting away from it, Over 50s life insurance plans are big business these days with over 400,000 sold in 2013 alone. Providing a lump sum of money on death, for many, over 50s life cover provides an affordable way to help with funeral costs; in fact most companies now also provide a funeral benefit option which is a free add on that allows the cash sum to be paid directly to a specified funeral director in return for free additional life cover.

There are some important things to consider when buying over 50 life cover which I will also touch on in all my reviews. These considerations are relevant to all over 50 plans so excuse me if I appear a little repetitive. At the end of the day there are pros and cons to most things we buy; you just need to be aware of the facts so you can decide on what is right for you.

To help you compare and choose the best over 50 life insurance it’s important you know everything; warts and all. Guaranteed life insurance can offer valuable life cover for some, especially those looking for an affordable option with no medical of health questionnaires to answer.

However if you are in good health and happy to answer health and lifestyle questions, than it may be worth taking a look at regular whole of life insurance. These whole of life plans may not offer guaranteed acceptance but they can provide at least 40% more cover for your money.

Of course the review is only part of the process you should consider if you want to be certain of getting the best over 50 plan. The final piece of the jigsaw is your right to compare over 50s life insurance and look at a number of quotes from various providers. You can then make a fully informed decision based on features and benefits, terms and conditions, level of cover and price.

As always if there is anything you would like me to include in the over 50 life insurance reviews or if there is another provider you would like me to add to the list, please let me know.

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Ashley Shepherd is an Over 50s Personal Finance Expert

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