Over 50 Life Assurance
You wouldn t buy a lottery ticket if it cost more than the jackpot but as i explain below the millions of people with these types of policies risk doing just that.
Over 50 life assurance. This lump sum could be used to pay for funeral costs household bills or simply as a financial gift for your family. Michael parkinson s caring voiceover made axa sunlife s over 50s life insurance policy seem simple yet for many they re a seriously bad bet. With an over 50s policy there is no medical required and acceptance. Our over 50s life insurance plan offers guaranteed lifelong protection without you having to undergo medical checks.
Many factors influence the cost of cover including your age medical history and lifestyle. 50 of people could achieve a quote of 38 50 per month for their over 50s life. An over 50s policy is a whole of life insurance policy designed to leave your loved ones with a tax free lump sum in the event of your death. If you re over 50 you could get life insurance cover from 38 50 per month based on assured futures data in may 2020.
Over 50s life assurance provided by aviva. If you re aged 50 to 80 and a uk resident you can get cover in place right away. Over 50s life insurance from post office is a simple way to leave your loved ones a cash sum when you die as a gift to settle unpaid bills or help pay for your funeral. Get guaranteed acceptance fixed premiums and a guaranteed cash lump sum paid to your loved ones when you die.
We no longer offer over 50s life assurance but you may still have an active policy that you took out through us and is provided by aviva. At age 90 you ll stop making payments but your insurance will continue. Over 50s life insurance lasts for the whole of your life as long as you keep making monthly payments. Buy with confidence today.
Unlike similar products on the market onefamily s over 50 s life cover offers terminal illness benefit as standard after the policy has been in place for two years. Over 50s life insurance is available to uk residents aged 50 to 80. How much is life insurance for a 50 year old. Acceptance is guaranteed without the need for a medical examination and cover is available to any uk resident between the age of 50 and 80 years old subject to sum assured and premium limits.
Guaranteed acceptance for uk residents aged 50 80. Over 50s life insurance is a great way to help your loved ones cope with your funeral costs and perhaps even to leave them a gift. A reduced payout will be made if you cancel your insurance or stop making monthly payments as long as you ve paid at least half of the monthly payments that were due between when your insurance started and your 90th.