How Over 50s Life Assurance Works

Over 50s. Life Assurance is a form of whole of life policy which is catered to anyone over the age of 50 as the name of the plan suggests. The aim of the plan is to pay out a guaranteed amount whenever death occurs usually after 1 to 2 years of having the policy. The sum assured can be left to family to be used towards the cost of a funeral or left to family for other costs. The plan has no cash in value so if premiums are no longer paid, it is likely the plan will come to an end.

The benefit of this plan is there is no medical underwriting and gauranteed acceptance to anyone aged 50 onwards so can be suitable to anyone who may have a medical condition and is unsure whether they would be accepted on a standard life insurance policy.

Before taking out on Over 50s Life assurance policy, it is important to work out how much you will need towards the cost of a funeral and associated costs.

Are you ready to discuss your plans?

It is important to review your existing plans annually to ensure you have the right level of cover in place. Book an appointment wiht us to review your policies or for us to provide you with advice on what policies you may need. Alternatively, please contact us on 0800 0495949 to arrange a mutually convenient time for a telephone discussion or email us at info@pearlroseinsure.co.uk 

There is no cost or obligation. We will have a chat about what you have or need and how you can save money on your insurance.