Life Insurance

What is over 50s life insurance?

If you have a life insurance policy it will pay a lump sum (the 'sum assured') in cash in the event of your death. Many people buy over 50s life insurance to help towards costs such as funeral expenses but it can also be used to bequeath money to relatives, friends or charities.

The life insurance is available to all over 50s with guaranteed acceptance. This means there is no screening for medical conditions, making over 50s life insurance an affordable, accessible and simple product.

 

How can I buy a life insurance policy?

Get a quote online and complete a simple form.

You’ll be asked whether you’d like quotes to be shown based (a) on your monthly payment preference or (b) how much total cover is provided.

You’ll then be able to compare quotes from the different providers.

 

Who can offer you a quote?

Assured Futures can offer you private health cover from up to 11 great brands:

  • AIG
  • Assurity
  • Legal & General
  • National Assurance
  • National Friendly
  • onefamily
  • Royal London
  • Shepherds Friendly.
  • Sun Life

    •  

How do you pay for Over 50s Life Cover?

Usually you will pay a fixed amount every month - the 'fixed premium'. As it is fixed, the monthly amount never goes up.

If your fixed premium is £15 a month then it will stay at £15 throughout the Term. Given that you could be paying this amount every month for a long period of time, possibly for the remainder of your life, please give some thought to what you think you can afford each month.

There is an alternative option offered by some providers called 'indexation'. This is a plan where each year the monthly premiums can increase as will the size of the payout.

Please ensure you understand the amount payable before taking out a policy.