How life insurance for over 50s can help your family
There are benefits for over 50 year-olds who choose to take out a policy – not just for themselves, but their families too. In this article we’ll explore some of the ways that Over 50s life insurance can provide welcome reassurance at a difficult time.
Is it too late to get Over 50s life insurance?
In short, no. Even if you’ve retired from work and paid off the mortgage, our Over 50s Fixed Life Insurance comes with guaranteed acceptance, no medical, and is available for UK residents aged between 50 and 80. Full cover is payable after just one year. When it comes to getting the cover you need, there is no time like the present.
How Over 50s life insurance can support your family
Here are just some of the ways Over 50s life insurance can support your loved ones:
- Paying towards the cost of a funeral – Having provision in place to help pay towards a funeral means your family won’t have to worry about the costs of your burial or cremation. This can include expenses such as funeral director fees, the wake, and extra costs such as floral tributes. Over 50s Fixed Life Insurance is not designed to meet the full costs of a funeral, and does not guarantee to do so.
- Funeral Benefit Option - For no extra charge, you can add Funeral Benefit Option to your Over 50s Fixed Life Insurance if applying over the phone. It can also be added to plans taken out by post or online, however it can't be done at the time of application. Terms and Conditions apply. With average UK funerals costing more than £4,000, it's important to set aside funds so that your family don't have to worry.
- Paying debts – The cash sum from your Over 50s life insurance could help towards unpaid debts.
- Leaving money behind – In leaving a fixed cash sum as a small gift, you can help to provide your family with a cash sum to help them in the future in a way that suits their needs.
It's important to note that Over 50s Fixed Life Insurance is not a savings or investment product and has no cash value unless a valid claim is made.
Get Over 50s life insurance today and help your family in the future.