With plenty of low cost life insurance options available these days, over 50’s can get covered no matter what their health situation or age is.
If you’re reading this, then you’re hopefully in this age bracket and we’re here to help you get the best value life insurance possible, so you’ve come to the right place! So please read on and just contact us directly if you’re still not sure about anything.
How Much Does Over 50’s Life Insurance Cost?
There is no fixed price as it can depend on the type of cover you’re receiving, However, premiums can range from between £5 per month to £75 per month for the most expensive plans. Like any life insurance policy, premiums will change depending on your age and lifestyle choices. For example, if you’re a smoker, you will probably be paying higher premiums per month than if you were a non-smoker. Of course, if you’re unsure whether over 50’s cover is right for you, then be sure to get in touch with us here and one of our experts will be able to help you make the right decision.
Am I Better Off With Term Life Insurance?
There are many circumstances where term life insurance is a better option than over 50’s insurance. Over 50’s insurance is great for people who struggle to secure fully medically underwritten life insurance. As mentioned above, there is no underwriting required so you’re guaranteed to be accepted, so this is great for people who may get rejected from other covers. Often, if you’re in your early 50’s and 60’s and in good health, then you’re probably better off with a term life insurance policy. Again, if you still aren’t sure which is best for you, get in touch here.
Am I Still Covered If I Live Beyond 80?
Some insurance providers will offer free cover once you reach a certain age. In most cases, this age is 90. Therefore, once you reach this limit then you won’t have to pay premiums anymore, but still get covered. This is why it’s good to have a good look around from different providers.
There are plenty of life insurance options if you’re over 50. Even if you’re above the age of 70 and are in poor health, don’t assume it’s too late and you can’t find the right cover. At Cavendish Online we’re here to help, so be sure to get in contact with one of our experts.