Direct Line Over 50 Life Insurance Review

• Monthly premiums starting from £5
• Get a free £100 gift card once you have made 6 monthly payments
• Full cover after two years

This review of Direct Line’s over 50s life insurance is intended as a guide to help you understand the features and benefits of the plan, the options available and things to consider. Do make sure you read, understand and are happy with the terms and conditions of any plan you decide on.

Direct Line over 50s life insurance

Direct Line is a telephone and internet-based insurance provider, founded in 1985. Initially formed as a car insurance provider, Direct Line now offer policies ranging from home insurance to pet, travel, breakdown, landlords and life insurance.

Direct Line Over 50s Life Insurance is provided by AIG, and offers enhanced levels of life cover to non-smokers.

Why choose Direct Line Over 50s life cover

• Available for anyone who lives in the UK aged 50 to 80
• You’re guaranteed to be accepted regardless of the state of your health
• Guarantees to pay out a cash sum when you die
• Quick and easy application process with no health or lifestyle questions to answer (apart from smoker status)
• You are fully covered after twoyears
• You are fully covered immediately if you die as a result of an accident
• Premiums start from £5 a month
• Flexibility to reduce your premiums once the plan has been in place for one year
• You stop paying your premiums on your 90th birthday but cover continues
• The plan will pay out at least half of the cash sum if you stop paying or cancel your policy having already made at least half your payments
• £100 gift card when you buy a Direct Line Over 50s Life Insurance Plan - Free gift limited to 2 per household and paid after 6 months
• Access to a range of medical experts and services through Smart Health

Things to consider

• If you were to die during the first two years (unless as a result of an accident) you wouldn’t be covered for the full cash sum however 150% of the premiums you paid up to that point would be fully refunded.
• As the cash sum paid out on death is fixed, inflation will reduce its value over time.
• There is a chance you could pay more in monthly premiums than the cash sum paid out; it all depends on how long you live and therefore how long you pay into the plan.
• If you stop paying your premiums when due, your life cover would stop and no money would be paid out.
• The cash sum paid out may be subject to inheritance tax.

See how Direct Line compares to other over 50s life insurance quotes.