So you’re over 50 and need Life Insurance.
An Over 50s policy is designed to pay out a lump sum of money on your death to either help people you leave behind for a better life or to pay off your debts. This could quite a large sum of money or a small amount, it all depends on your situation and needs.
A lot of people over 50 plan into their life insurance plan taken out when over 50 costings for their funeral. This over a period of time of expect death age be a small amount to pay each month.
Answer a few questions and if you answer Yes to any of them you should at LEAST get a Life insurance Quote from …
Taking out life insurance is usually seen by people as a policy for a younger person or couple and for the accidental death, illness or something you’re not expecting.
As a 70 year old yes, you probably will have a few years life in you to go and probably won’t have anyone dependant on you. People of the age or around the age of 70 usually take out life insurance to cover the costs of their funeral. Even though this sum won’t be huge like a mortgage protection life insurance policy it’s a great way to safe guide the costs of a funeral.
You may have family that maybe could’nt afford say £3000 – £5000 for a funeral and so this is …
If you are over 50 and would like to take out a life insurance policy, we can help you to choose the right one. It’s maybe that you’ve paid your mortgage off and you’re thinking of your son, daughter or even grandchildren. The policy can run for a fix term of say 30 years and payout at the end or pays out on your death giving your loved ones a lump sum of money.
A lump sum or a reason to take out an over 50’s life insurance plan might be to help pay for funeral costs. As you’ll guess these arn’t cheap and a lot of people don’t want to leave this financial commitment to their loved ones once they have passed away.