Insurance specifically tailored for Over 50 Year Olds
Protecting our families and ensuring their security is one of the most important things on many peoples minds. It is the reason we go out and work hard, to provide the best lifestyle we can for our loved ones. This is something we all want to see continue after we have died.
Part of ensuring your family are safe and financially stable after you die, is to make sure that any outstanding liabilities such as mortgages or loans can be paid off in full, leaving your family without the worry of trying to make repayments.
Over 50s life insurance provides an excellent solution to protecting your family!
Whether your are in your 50s, 60s, 70s, or even in your 80s or 90s, your age should never keep you from protecting your family. With our over 50 life insurance policies you'll get comprehensive cover, for the best premium available, and from the whole of the market.
What is Over 50 Life Insurance?
Over 50 life insurance is a type of policy suitable for persons over the age of 50, 60, 70, or even over 80.
Its aim is to pay a cash lump sum to your family when you die, so that they can pay off your mortgage, pay off any remaining loans, cover your funeral expenses, or simply receive a gift to remember you by.
What ages can it cover?
As the name suggests, over 50's life insurance can provide cover for people aged 50 and above. These policies can be taken out up until your 90th birthday. The actual length of cover is flexible, and can be varied to cover you up until a specified age.
When will the life cover payout?
This type of cover will payout on the unfortunate event of your death. It will become effective from day one, when your policy first starts. If anything should happen to you after the cover has started, your family will still receive the full amount.
How much will the policy pay to my family?
You are free to choose an amount of cover to suit your needs. You can take out enough cover to pay off a mortgage, or other outstanding debts - this may be as little as £1000. It is worth noting that the more cover you require, the higher your monthly premium will be.
Will I need to have a medical?
In most cases the answer to this will be no, however in some circumstances certain insurance companies may need to look through your past medical history, and may in a small number of cases, require you to have a medical examination (this will be paid for by the insurer, and can be arranged at a time which is convenient to yourself).
Can I be protected along with my partner?
Yes, you can select a cover which will offer a payout when just the first of the policy holders dies, or a cover which will protect and payout on the death of both of the policy holders individually.
Will inheritance tax be due on my life insurance payout?
At Top Quote UK we can offer you options to protect your life insurance payout from inheritance taxes, this enables your family to receive the full monetary sum. This is offered at no additional cost to you.
Do the premiums go up over time?
No, your premiums are fixed and guaranteed on a monthly basis, and won't increase in the future.
No need to wait two years to claim
With our policies you don't need to wait two years to be eligible to claim.
Cover your own funeral expenses
No extra expenses for your family to incur on the event of your death.
Your mortgage could be paid off
Free your family from the burden of an expensive mortgage.
Don't risk any non-disclosure
Our highly trained underwriters will ensure that all information is disclosed.
We'll do the paperwork
No need to fill out piles of time consuming forms.
Quality Independent Advice
Friendly and fully qualified advisors who will answer all your questions.
Safe and Secure Online Application
Your important details are all kept safe and secure.