Guides

Over 50 Life Insurance Why do I need Over 50 Life Insurance ? Over 50 Life Insurance is a way of leaving your loved ones some money should you die unexpectedly. It is an insurance policy and you usually only get money when you die. That means the money this kind of policy pays out usually goes to your family rather than you. It is really important to think about how your family would manage without you and without your income. Would they be able to afford to pay the bills ? Funerals can be expensive - would your family be able to afford your funeral without hardship ? What are the different types of Over 50 Life Insurance ? Term Life Insurance This is a policy where you decided how many years you want to be insured for at the start. You will normally be asked a number of [...]

Over 50 Life Insurance UK Biggest Over 50 Life Insurance providers in the UK The ones that provide their own products: SunLife – are the biggest over 50s life insurance brand in the UK selling over more policies than all the other life insurance providers put together !  They guarantee to pay every claim and have the lowest starting premiums of all the providers.  They are also the only major company to offer to stop your payments before 90 years old depending on how old you are when you start the plan. Legal & General – another big insurance brand with a well featured product and keen pricing for non-smokers. They offer non-smoker rates too. Royal London – a largely unknown brand until they started putting those crazy medieval adverts of TV.  They offer a well featured product with a unique feature that lets you [...]

Funeral Benefit Option What the Funeral Benefit Option does By adding the Funeral Benefit Option to your Over 50 Life Insurance policy you are agreeing to use the Funeral Director that the insurance company is introducing you to for your funeral.  In return for making this choice the Funeral Director will give you a discount on the cost of your funeral - typically anything up to £300 is taken off your funeral bill. The Funeral Directors are offering this discount as they want you to tie into them to be your funeral provider.  Typically a Funeral Benefit Option can be cancelled at any time even after your death so even if you do take this option you can change your mind later and remove it from your Over 50 Life Insurance Policy - your insurance company should not charge you for adding or removing it. [...]

Compare Over 50 Life Insurance Get the UKs best Over 50s Life Insurance Key things to check Only buy policy with a big brand insurer, if you’ve never heard of them then don’t buy from them Ask for non-smoker cover if you are a non-smoker, it will likely be much better priced. If you’re a smoker then you may be better off going to an insurer where they don’t ask if you smoke.  Check out our comparison page to see which providers give preferential rates for non-smokers and which don't. Make sure that your payments stop after your 90 if you think you are going to one of the 1 in every 100 that reach 90.  If you don't think you will reach 90 years old then it may not matter so much to you. Make sure you compare levels of cover and premiums – shop around [...]

Here we review all of the major UK providers of Over 50 Life Insurance to see which gives the best free gift.  Whilst we wouldn't suggest that you select your life insurance policy based solely on the free gift it is worth knowing where the best gifts are available.  Below is a simple comparison showing their free gift and when their offers expire.  We also show you what to watch out for in their terms and conditions as some make claiming your gift a lot harder than others - be warned. If you want to compare the product features and prices then check out our comparison service. £85 Free Gift - No Expiry Date SunLife is by far the most well known Over 50 Life Insurance brand and for good reason, it current sells more Over 50 Plans than all of the competition put [...]