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life insurance for over 50s with GUARANTEED acceptance - apply nowA policy that will appeal to those who: may have cover but think it now might not be enough; looking for an alternative to savings plans to provide for children or grandchildren; are worried about rising cost of funeral expenses; find it difficult to obtain life cover due to pre-existing medical conditions. what is the Guaranteed 50 Plus Life Cover?It's life insurance for over 50s. It is for UK residents aged between 50 and 80, with low cost premiums that are guaranteed never to rise. This non-profit whole of life insurance plan pays out on death and has no cash in value at any time. whole of life insuranceWhole of life insurance means that the cover lasts for as long as the premiums are paid. However, with the Guaranteed 50 Plus Life Cover your client does not need to pay any more premiums once they reach age 90, but if they stop paying premiums before their 90th birthday the whole of life insurance plan will stop, and the life cover will cease. guaranteed acceptance with no medicalOur life insurance for over 50s guarantees acceptance with no medical regardless of any pre-existing medical conditions. tax free payoutOur life insurance for over 50s guarantees to pay out a tax-free cash lump sum on death. The amount of the lump sum depends on the premium your client chooses and other factors. The lump sum normally counts as part of the client’s estate and may be subject to inheritance tax. Over time, inflation would reduce the buying power of the amount payable on death. In years one and two cover is restricted to 150% of premiums paid up to the date of death, or if death occurs within the first two years solely as result of an accident we would pay out 3 times the sum assured to a maximum payout of £32,000. If death occurs after the first two years we will pay out the sum assured. Like some other whole of life insurance plans of this type, depending on how long premiums are paid for, the total premiums paid may be more than is paid out on death. low cost coverPremiums start from as little as £10 a month. The premium depends on the level of cover your client chooses and their personal circumstances. fixed premiumsThe premiums are guaranteed never to rise and will cease altogether at the age of 90, but the cover will continue. immediate coverIt's easy and secure to apply online on behalf of your client. In most cases the cover can start immediately. back to top |
