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.
For many of us the need for life insurance is pretty consistent throughout our lives, itrsquo;s just the reason we require the insurance that changes. So its little wonder the market for over 50, 60 and over 70 life insurance is big business.
When it comes to over 50 life insurance Martin Lewis does not mince his words. It's fair to say that the renownedmoneysavingexpert is rather scathing but it is worth pointing out that like other comparison companies such as Moneysupermarket, Go Compare and Confused.com, Mr Lewis does still sell this type of guaranteed acceptance plan on his website.
I have written many blogs and articles over the years about Over 50 plans, from choosing the best over 50 life insurance plan to how to get more life insurance cover for your money but more recently there have been a number of changes to certain plans which I thought were worth talking about.
Sooner or later, someone will have to pay for your funeral when you die. The question is whether you are going to make it easier for your surviving family or friends to foot that bill by taking action now in order to make provision for the future.
What is life insurance for over 50s? You need to be at least 50 years of age, unlike term life insurance, though, it pays out the assured cash benefit whenever you die
Over 50s life insurance and funeral planning are often considered together but there are differences you should be aware of
I hear people over 60 questioning whether they are too old for life insurance. It doesnrsquo;t matter whether you are over 60 or over 70, you will still qualify for life insurance.
Donrsquo;t get sucked into buying a guaranteed over 50s life insurance plan: for help with your choices click here
Which leads me nicely on to Over 50 life insurance plans, a no medical life insurance version
The final review of the series looks at the Shepherds Friendly Over 50s Life Insurance plan. Review amp; get Quotes
The fifth part of my Over 50 Life Insurance Review is all about the Ageas Over 50s Life Cover Plan
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