So there are two main options. You could stick to the traditional route and buy either term life insurance or look at an over 50s policy.
Term life insurance is a great option if you are healthy or towards the younger end of over 50. But if you do have health concerns, or you have found that traditional life cover is too expensive, you may be better off looking at– over 50s life insurance.
An over 50s life insurance policy is a slightly different product which is available if you are aged between 50 and 80. You can choose how much you are seeking to pay on a monthly basis, to make sure it’s affordable. Based on this amount a lump sum payment that your family would receive is worked out. The more you pay, the larger the final sum paid to your family. A major benefit of these policies is that they offer guaranteed acceptance – there are no medical checks. Although, smokers may have to pay more than non-smokers.
Whichever option you’re thinking about, it’s easy to compare over 50’s life insurance and term life insurance with us. Just enter your details and in a few minutes you’ll see a page of life insurance quotes tailored for you, so it’s really easy to find the right deal for you.