Best Life Insurance for Over 50s UK
Life Insurance for Over 50s is a type of life insurance for people aged over 50. You have to pay regular monthly premium for the insurance and when you die, a lump sum amount will be paid which could be used towards your funeral costs, to pay off any existing debts, if there is any or could be simply a gift to your loved ones. Here we will discuss in depth about Best Life Insurance for Over 50s UK, we also compare best companies and their quotes 2021.
There are several insurers in UK who offer Life Insurance for Over 50s. The main advantage for over-50s insurance is that acceptance for the insurance is guaranteed. It doesn’t require answering any health related questions or have to go through any medical test. Premiums for the insurance are usually fixed and so you can have insurance with a premium that suits your budget. Yo can have life insurance with monthly payments starting from as low as £10 and you can go up to about £50. The disadvantage is that you can’t miss any payment. If you miss, you no longer will be covered. And you won’t get the money you have already paid, it is lost.
Insurers usually provide insurance that requires premium for an over-50s life plan to be paid for a minimum period of up to one or two years. If you die before that specified minimum period, the beneficiaries will only receive a sum equivalent to the premiums you have paid. However, in the event of accidental death, you would receive the payout in full. Now we compare best companies for cheapest life insurance for over 50s, we also check their reviews.
Best Life Insurance for Over 50s UK – Compare
SunLife Over 50 Life Insurance Quote UK
Sun Life offers the most affordable over 50 life insurance without a medial plan in UK that starts at minimum £3.90. There is a guaranteed acceptance for all UK residents aged 50-85. The Guaranteed Over 50 Plan from SunLife can help you protect your loved ones with a cash payout when you die. The money could be used towards your funeral or to leave a legacy for someone closest to you.
What it Covers
The Guaranteed Over 50 Plan provides full cover after two years. And if you die before that, SunLife will pay out whatever you have paid plus half as much again. SunLife will pay the full payout it is an accidental death, even if it is earlier than two years. .Most of the claims are paid within 3 days. You can also opt for free £300 Funeral Benefit Option. When you buy an over 50 life insurance, you get free Welcome £100 Gift Card and you are also entered to monthly lucky draw of £10,000 Cash. You can get a free quote online at its website.
AVIVA over 50s Life Insurance
AVIVA Over 50s Life Insurance plan is offered for between £7 and £50 monthly payment and you are guaranteed for pay out to your loved ones when you pass away. There are no health check up required and you are guaranteed to be accepted if you are UK resident aged 50 to 80.
How it works
It is simple to take the insurance. You just decide how much you want to pay each month. You get £50 gift card, when you buy a life insurance.
The full sum is payed if you pass away after 1 year or if you happen to meet an accident death within the first year. If you die for another reason in the first year, whatever premiums you have paid, will be paid back. If you die after one year in an accidental death, AVIVA will pay double the payment.
British Seniors Over 50 Life Insurance
British Seniors Insurance Agency offers Over 50s Life Insurance plan is offered for starting £3.75 monthly payment and your loved ones will be paid full sum when you pass away. It doesn’t require any health check up and you are guaranteed to be accepted if you are UK resident aged 50 to 80.
How it works
It is quick and easy to get the insurance. You just decide how much you want to pay each month. You can get the quote online at www.britishseniors.co.uk . You can also buy the plan online. You get £50 gift card, when you buy a life insurance.
You can choose your benefit amount from £1,000 to £20,000; it depends on your age. It provides immediate coverage for accidental death and for death by any other cause after 2 years.
British Seniors offer Cash In option. You get 50% of the benefit amount if you cancel your policy from age 80 or after 15 years whichever comes later.
Shepherds Friendly over 50s Life Insurance
Shepherds Friendly offers Over 50s Life Insurance plan for monthly payment between £10 and £50. It guarantees for pay out to your loved ones when you die. You don’t have to go through any health check up. You get an option to receive added £300 funeral benefit and access to bereavement services as well.
How shepherds friendly over 50s life insurance works
Shepherds friendly over 50s life insurance is easy to take. You just decide how much you want to pay each month. The premium will remain fixed. You can increase or reduce your monthly payment later. Your family will receive a fix payout which is tax-free.
It offers flexibility to reduce your monthly premiums as long as it remains minimum of £10 per month and your cover will be reduced accordingly.
You choose insurance provider of your choice to take over 50 life insurance and leave good sum pay for your loved ones! You can share this article with those friends who want asda life insurance over 50s, cheapest life insurance for over 50s or best life insurance for over 50s UK.